{
  "id": 16137334,
  "title": "CIS, ASHON Laud Capital Market Gains, Back N750tn Market-cap Target",
  "url": "https://urgent.news/2026/10/23/cis-ashon-laud-capital-market-gains-back-n750tn-market-cap-target",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T01:27:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/23/cis-ashon-laud-capital-market-gains-back-n750tn-market-cap-target/"
  },
  "original_language": "en",
  "account": "The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have praised the Nigerian capital market's progress in 2026, citing regulatory reforms, international recognition, improved infrastructure and significant capital-raising initiatives. In a joint statement, the two organizations highlighted several achievements, emphasizing the determination, adaptability, and strategic leadership of all stakeholders involved in positioning Nigeria's market for better competition. They praised the Securities and Exchange Commission (SEC) for its regulatory guidance and initiatives to mobilize domestic savings, expand investor participation, and work towards the target of a N750 trillion market capitalization. The National Savings Scheme, introduced by the Federal Ministry of Finance and the SEC, was also highlighted for its potential to boost financial inclusion and retail investment, thus increasing the domestic capital pool for productive economic activities. The CIS and ASHON also commended Nigeria's adoption of the T+1 settlement cycle, which improved settlement efficiency and aligned the market with international best practices. They noted the Dangote Petroleum Refinery and Petrochemicals IPO as a significant moment for the market, demonstrating its ability to raise substantial funds and encourage broader participation in wealth creation. The extension of the IPO to October 27, 2026, provided investors with additional time to participate. The organizations welcomed Nigeria's return to the FTSE Russell Frontier Market status, crediting improvements in market accessibility, foreign exchange liquidity, capital repatriation, and regulatory transparency for enhancing the country's appeal to international investors. They also recognized advancements in the banking sector, digital investment platforms, market infrastructure, and sustainable finance, which have bolstered the capital market's ability to support economic growth and job creation. The CIS emphasized the importance of professional competence, ethical conduct, and ongoing capacity development, while ASHON highlighted the resilience, operational commitment, and market-building contributions of securities dealing firms. They stressed the need for stronger retail participation, improved investor protection, technological innovation, and high standards of professionalism and ethics to maintain these gains. The bodies urged continued collaboration among all market stakeholders to consolidate reforms and convert market growth into broader economic prosperity.",
  "summary": "Kayode Tokede The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have hailed the Nigerian capital market’s major milestones in 2026, citing regulatory",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}