CIBN, NGX partner to boost financial market

The Chartered Institute of Bankers of Nigeria (CIBN) says it is deepening its partnership with the Nigerian Exchange Limited (NGX) to further enhance the growth and development of the Nigerian financial market.

Ken Opara, president/chairman, Council of CIBN, said this when he sounded the closing gong as part of activities to commemorate the 60th anniversary of the institute, at the Nigerian Exchange Limited trading floor, on Monday in Lagos.

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Opara also expressed the institute’s desire to collaborate with the NGX to promote ethical business practices in the Nigerian capital market.

He said, “So it is very important that collaboration with this very important institution will continue as much as possible to drive that.

“We will continue to foster relationships with the NGX group because collaboration is at the heart of what we do.

“We have done that with Fintech, we have partnered with the Lagos Business School for dual qualification (ACIB/SMP OR ACIB/AMP OR ACIB/MBA).

“We have just signed a trade certification with the African Export-Import Bank to run a joint specialized Certification programme and capacity building in the area of Trade for the players and operators in the ecosystem.’’

Speaking on the institute’s notable achievements, Opara said the institute had consistently built competent and ethical banking professionals globally, in line with its vision of becoming a global reference point for skills and conduct in the banking and finance industry.

In this regard, he said that the Institute’s banking professional examinations were being written in six countries in Africa including Sierra Leone, The Gambia, Liberia, Ghana, Rwanda and Zambia.

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Oscar Onyema, CEO at NGX, who welcomed the CIBN team, acknowledged the CIBN’s contribution to the overall ecosystem of the Nigerian capital market.

Speaking on the demutualisation of the NGX, Onyema said that before the demutualisation, the exchange was a semi-government owned entity. He said post demutualisation, the exchange has now transformed into a non-operating holding company with three subsidiaries.