The Nigerian Exchange Limited has inducted 103 newly qualified Authorised Dealing Clerks as part of efforts to strengthen professionalism, market competence, and ethical standards in Nigeria's capital market. The inductees completed the Exchange's 15-day Automated Trading System Brokers' Certification Programme. This programme covers market structure, trading procedures, regulatory compliance, and the operational framework of the Nigerian capital market.
Speaking at the induction ceremony, Jude Chiemeka, the Chief Executive Officer of Nigerian Exchange Limited, congratulated the new dealing clerks and urged them to maintain high standards of integrity and professionalism. Chiemeka noted that the certification programme was designed to strengthen the competence, capacity, and character of aspiring market professionals. The inductees fulfilled the required academic and professional conditions and obtained necessary regulatory approvals to practise as Authorised Dealing Clerks.
Chiemeka stressed the importance of market integrity, noting that the ceremonial robes presented to the inductees represented their commitment to the ethical standards of the Chartered Institute of Stockbrokers and the NGX Rulebook. He reiterated the Exchange's zero-tolerance position on market infractions and urged the new dealing clerks to maintain professional standards in their dealings with investors and other market participants.
Rasheed Yusuf, a market leader, said the responsibilities of stockbrokers extend beyond executing transactions to include supporting capital raising, deepening market liquidity, providing investment guidance, and expanding retail and diaspora participation. Yusuf urged the inductees to use the opportunities available within the capital market to contribute to Nigeria's economic development.
Sehinde Adenagbe, Chairman of the Governing Council of the Association of Securities Dealing Houses of Nigeria, and Fiona Ahimie, President and Chairman of the Governing Council of the Chartered Institute of Stockbrokers, urged the inductees to comply strictly with market regulations and professional standards. They stressed the responsibility of market practitioners to support investor confidence and contribute to the development of Nigeria's securities market.
The induction adds 103 newly qualified professionals to the pool of authorised dealing clerks as NGX continues to focus on building the human and institutional capacity required to support deeper participation and a more robust Nigerian capital market. This development is expected to enhance the overall performance and integrity of the capital market.
The Nigerian Exchange Limited's efforts to strengthen professionalism and market competence are crucial in deepening market participation and contributing to Nigeria's economic growth. The inductees are expected to play a significant role in supporting capital raising, deepening market liquidity, and providing investment guidance.
Key points
- Nigerian Exchange Limited inducts 103 new Authorised Dealing Clerks.
- The inductees completed the Exchange's 15-day Automated Trading System Brokers' Certification Programme.
- NGX focuses on building human and institutional capacity to support deeper participation and a more robust Nigerian capital market.
