CIS seeks CBN’s support to boost stock market transactions

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CBN News

CIS,Olayemi Cardoso,Oluwole Adeosun

The Chartered Institute of Stockbrokers (CIS) has urged the Central Bank of Nigeria (CBN) to support the institute to boost transactions

The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to support the institute to boost transactions in the Nigerian securities market.

Besides, Adeosun affirmed the capacity and willingness of stockbrokers to support the proposed recapitalization of banks in the next 24 months. According to him, this has been demonstrated during the previous recapitalization programmes in Nigeria. He noted that the nation’s capital market will not be able to match the required growth rate if investors remain restricted to just their own funds for investments.

The newly launched book of CIS, titled: “History of The Nigerian Capital Market was presented to Cardoso. The President was accompanied on the visit by other Office holders and five Past Presidents.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

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Securities Market: Stockbrokers’ institute seeks support from CBNThe Chartered Institute of Stockbrokers (CIS) has requested some strategic support from the Central Bank of Nigeria (CBN) to enhance financial intermediation roles of its members and boost transactions in the Nigerian securities market.
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