The Nigerian Stock Exchange (NSE) has inducted 46 recently qualified Dealing Clerks charging them to uphold the highest level of ethics and sense of responsibility.
Out of the 53 candidates who had passed the Chartered Institute of Stockbrokers (CIS) examination and went through the mandatory practical Automated Trading System (ATS) training at the NSE, only 46 passed the final oral examination at the Exchange. The induction took place on Monday according to a statement from the NSE.
In his opening remarks, the Chief Executive Officer of the NSE, Oscar N. Onyema, said, “today’s ceremony is not just a celebration, it marks a call to stand tall in integrity, to be impeccable in character, to be professional in service and to uphold the high ethics and values for which the Exchange and the capital market are renowned. That is the big hurdle that you must cross effortlessly in your daily practice of this profession.”
“NSE has clear and enforceable rules and operates with a zero tolerance policy on all infractions. The NSE will support the inductees in developing their capacity. However, if infractions occur, NSE will not hesitate to wield the axe on any erring member that falls short on any of its rules.”
Onyema also advised the new clerks to stay relevant in today’s dynamic environment, emphasizing that continuous training is a tool that should not be underestimated. He noted that the Exchange established X-Academy, to provide education to individuals who wish to improve their understanding of various aspects of the capital market. “I urge you to take advantage of this platform, especially the recently launched e-learning platform, to stay up to date on market developments, he added”.
Doyen of Stockbrokers, Alhaji Rasheed Yussuf, called on the newly inducted Dealing Clerks to let their words be their bond saying “this would engender confidence and growth of your respective organizations and the capital market at large”.