L- R: The FMN Group Director – Strategy and Stakeholder Relations, Sadiq Usman; Chief of Staff to the Chairman, Anastasia Athanasiou; Senior Special Advisor to the President at African Development Bank (AfDB), Professor Banji Oyelaran-Oyeyinka; Vice President, Agriculture, Human and Social Development (AfDB), Dr. Beth Dunford; Chairman, FMN Board of Directors, Mr. John G. Coumantaros; President, African Development Bank (AfDB), Dr. Akinwumi A. Adesina; FMN Agronomic Consultant, Dr. Marco Quinones; AfDB country Director in Nigeria, Mr. Lamin Barrow; Group Managing Director/CEO, FMN, Boye Olusanya and Member, FMN Board of Directors, Mr. Mr. Alfonso Garate at the Bilateral meeting of African Investment Forum (AIF) in Abijan Côte d'Ivoire.
Nigerian Exchange Limited (NGX) will host a Closing Gong ceremony to commemorate the 30th anniversary of the Chartered Institute of Stockbrokers (CIS) and the reopening of the trading floor of the Exchange on Monday, November 7, 2022.
CIS is a leading face of capacity building and professionalism in the Nigerian capital market and are critical stakeholders to its development. Incorporated in 1990 and chartered in 1992, the Institute is the sole provider of professional qualifications for stockbrokers, securities dealers, financial and investment analysts, portfolio and fund managers.
The Institute’s outstanding resilience and longstanding partnership with the Exchange has significantly advanced the Nigerian capital market. The Exchange will also be reopening the trading floor on the same day to bring back physical trading activities.
As a measure to curtail the spread of the coronavirus, NGX disclosed to stakeholders in March 2020 that it would resort to remote trading for 30 days and strengthen online support for brokers to ensure the adequate operation of the market.
Read also: Global sell-offs indicate NGX still resilient amid rate hikes
This was later extended indefinitely and with NGX’s investment in technology – including the state-of-the-art XNET facility and FIX protocol – the market has been functioning effectively with zero downtime for over 30 months.
The unwavering commitment and support of trading license holders during the period ensured the overall adaptability and innovativeness of the Nigerian capital market.
NGX remains committed to promoting efficient collaboration, fostering healthy relationships, and championing capital formation in creating value at large for the Nigerian economy.
Get Newsletter Updates
Enjoying our column?
Subscribe to our specialised **Tax 360** feed to receive fresh reports and analyses directly in your inbox.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
