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CIS, ASHON Laud NGX as Capitalisation Crosses N100tn Mark


The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have congratulated the Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the capital market crossing the N100tn market capitalisation mark.

In a joint statement signed by Chairman of ASHON, Samuel Adenagbe, and President and Chairman of the Council of the Chartered Institute of Stockbrokers, Oluropo Dada, recently described the milestone as an affirmation of the resilience, depth and growing sophistication of Nigeria’s capital market, noting that it reflects renewed investor confidence in the Nigerian economy.

They commended the Board, Management and staff of the NGX for what they described as visionary leadership and strategic direction, singling out the leadership of Umaru Kwairanga, Popoola, Jude Chiemeka and Femi Sobanjo for driving reforms that have strengthened market integrity and efficiency.

The statement read, “This achievement would not have been possible without the professionalism and dedication of the NGX leadership and the unwavering commitment of dealing member firms and stockbrokers, who continue to serve as the backbone of the market by ensuring liquidity, transparency and investor protection.”

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