NGX Inducts 117 Dealing Clerks, Preaches Ethics, Responsibility

The Nigerian Exchange Limited, on Tuesday, February 22, 2022, inducted a total of 133 Authorised Dealing Clerks from 63 Trading License Holders, charging them to uphold the highest level of ethics and responsibility.

Speaking at the ceremony, Chief Executive Officer, NGX, Temi Popoola, while congratulating the new inductees who have successfully passed through “the Exchange’s Automated Trading System training faculty made up of seasoned capital market regulators and operators including Securities and Exchanges Commission (SEC); Chartered Institute of Stockbrokers (CIS); Association of Securities Dealing Houses of Nigeria (ASHON); Central Securities Clearing System (CSCS) Plc and Registrars.

“This induction is evidence of years of dedication, adaptability, and hard work, and symbolizes your commitment to uphold the highest ethical standards and to always put the interest of the market first,” he noted.

Popoola also urged the new clerks to embrace the culture of continuous learning in the fast-paced environment that is the capital market, “as the market deepens with the launch of new products.”

He enjoined them to seek “better understanding of various aspects of the capital market as well as new developments. The X-Academy, our specialized learning centre is equipped to fill this gap by offering a wide range of courses geared towards bridging the knowledge gap of capital market professionals, investors and the general public, about how the capital market works. Please ensure that you maximise the opportunities presented by X-Academy to stay up to date on market developments.”

Also speaking, the doyen of stockbrokers, Rasheed Yussuf, challenged the newly inducted Dealing Clerks to live up to the capital market creed of “our word is our bond,” to engender confidence, which will ultimately lead to growth in the various trading license holder firms represented.

Sam Onukwe, Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), and Olatunde Amolegbe, President, Chartered Institute of Stockbrokers also added their voices, urging the new inductees to be good representative of the market.

Others present at the event were the Director-General, SEC, Lamido Yuguda, represented by Mahmud Muhtar, Commissioner, Registrations, SEC, and the Chief Executive of the Central Securities Clearing System (CSCS), Mr. Haruna Jalo-Waziri.