The Nigerian Exchange Limited (NGX) has inducted 103 newly qualified Authorised Dealing Clerks as part of efforts to strengthen professionalism, capacity, and ethical standards across Nigeria's capital market. This move aims to enhance the competence and character of market professionals. The inductees completed NGX's 15-day Automated Trading System (ATS) Brokers' Certification Programme.
The certification programme provides training on market structure, trading procedures, compliance requirements, and the operational framework of the Exchange. This comprehensive training ensures that the new dealing clerks are well-equipped to uphold the highest standards of integrity, professionalism, and ethical conduct in their careers. Jude Chiemeka, CEO of NGX, congratulated the inductees and emphasized the importance of maintaining high standards.
Chiemeka stressed that the programme was designed to strengthen the competence, capacity, and character of aspiring market professionals. He noted that the inductees had fulfilled the academic and professional requirements and obtained the necessary regulatory approvals to practise as Authorised Dealing Clerks. The ceremonial robes presented to the inductees symbolize their commitment to the ethical standards of the Chartered Institute of Stockbrokers and the NGX Rulebook.
Rasheed Yusuf, Doyen of the Market, highlighted the role of stockbrokers in facilitating capital raising, deepening market liquidity, providing investment guidance, and broadening retail and diaspora participation. He encouraged the inductees to leverage every channel available to create impact and turn around the fortunes of the Nigerian economy. Yusuf urged them to remain proactive and continuously deepen their knowledge.
Sehinde Adenagbe, chairman of the Governing Council of the Association of Securities Dealing Houses of Nigeria (ASHON), and Fiona Ahimie, president and chairman of the Governing Council of the Chartered Institute of Stockbrokers (CIS), also urged the new dealing clerks to adhere strictly to market rules and professional standards. They emphasized the responsibility of market practitioners in strengthening investor confidence.
The induction expands the pool of qualified market professionals as NGX continues efforts to deepen participation and strengthen the institutional capacity supporting Nigeria's securities market. This development is expected to contribute to the continued growth and development of the capital market. The NGX has reiterated its zero-tolerance stance on market infractions.
The newly inducted dealing clerks are expected to play a crucial role in the Nigerian capital market, upholding the highest standards of professionalism and integrity. The NGX's efforts to strengthen market integrity and professionalism are expected to have a positive impact on the economy. The inductees have obtained the necessary regulatory approvals to practise as Authorised Dealing Clerks.
Key points
- NGX inducts 103 new Authorised Dealing Clerks to strengthen professionalism and market integrity.
- The inductees completed NGX's 15-day Automated Trading System (ATS) Brokers' Certification Programme.
- The NGX has reiterated its zero-tolerance stance on market infractions.
