The Nigerian Stock Exchange has urged newly inducted stockbrokers to contribute to the development of the Nigerian capital market by operating in line with extant rules and international best practices.
At the induction of recently qualified dealing clerks at the NSE in Lagos, Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, underscored the importance of professionalism, integrity, transparency and reliability in order to deliver excellent service to quoted companies and investing public.
According to him, as the NSE continues to work on its goal of becoming a more agile and demutualized exchange, the importance of the role of stockbrokers cannot be over emphasized.
“It goes without saying that the investing community will know and judge the Nigerian capital market through your character and service innovation. The manner in which you engage and render your professional duties to your clients will go a long way in shaping the perception of our market,” Onyema said.
He noted that with the extremely thorough and strict process leading to the stockbrokers’ qualification, there is no doubt that they are worthy to be practicing stockbrokers enabled to trade on any floor of the NSE in Nigeria.
He assured that the Exchange would support the new brokers in developing their capacity and businesses.
He however warned that the NSE will not hesitate to wield the axe on any erring member that falls short on any of its rules.
“Let me be clear that we have a zero tolerance policy on all infractions and I am confident that I will not get a negative report concerning any of you. To this end, I would like to challenge you to uphold the tenets of your profession. Let your word be your bond. This would not only build and sustain a transparent and harmonious working relationship, but would also engender confidence and growth of your respective organizations and the capital market at large,” Onyema said.