NGX inducts 103 dealing clerks, reinforces market integrity

The Nigerian Exchange Limited (NGX) has welcomed 103 new Authorised Dealing Clerks into its ranks, reinforcing its commitment to market integrity and professionalism. The inductees have successfully completed the NGX's 15-day Automated Trading System Brokers’ Certification Programme, which provides extensive training on market structure, trading procedures, regulatory compliance, and operational frameworks.

Speaking at the induction ceremony, NGX CEO Jude Chiemeka praised the new clerks and emphasized the importance of upholding the highest standards of integrity, professionalism, and ethical conduct in their careers. The CEO highlighted that the programme aims to enhance the competence, capacity, and character of aspiring market professionals.

The ceremony's robes presented to the inductees symbolize the Exchange's commitment to the ethical standards set by the Chartered Institute of Stockbrokers and the NGX Rulebook. Chiemeka reiterated the Exchange's zero-tolerance policy on market infractions and urged the new clerks to maintain the highest standards of professional conduct.

Rasheed Yusuf, a market veteran, stressed that stockbrokers play a crucial role in facilitating capital raising, increasing market liquidity, providing investment guidance, and promoting retail and diaspora participation. The Chairman of the Association of Securities Dealing Houses of Nigeria, Sehinde Adenagbe, and the President and Chairman of the Chartered Institute of Stockbrokers, Fiona Ahimie, also emphasized the significant responsibility held by market practitioners to strengthen investor confidence and contribute to the growth and development of the Nigerian capital market.

The induction of these new dealing clerks expands the pool of qualified market professionals and supports the NGX's ongoing efforts to deepen market participation and build robust institutional capacity to bolster Nigeria's securities market.