The Chartered Institute of Stockbrokers and Lagos Business School have announced their partnership in commitment to building capacity to drive activities in the Nigerian capital market.
In a statement issued on Sunday, CIS said that the market is characterised by the introduction of new products and services, hence the need for structured training of stakeholders within the market ecosystem.
Addressing the participants at the second executive training programme jointly organised by CIS Academy in collaboration with LBS, with the theme, ‘Risks, Market Infractions and Business Rethinking Models for Sustainable Growth & Profitability,’ in Lagos, the CIS President, Oluwole Adeosun, who was represented by the Institute’s 1st Vice President, Oluropo Dada, explained that the capital market had been witnessing inflows of professionals, traders and investors, thus they should be exposed to training regularly to keep them abreast of market developments.
He said, “I must commend the partnership between the two organising entities as this is the second successful execution of this training in mere months. It is no news that the capital market is thriving and a rally is building up, as a result, we are witnessing a significant inflow of professionals, traders and investors into the capital market, hence the need to keep abreast of the governing regulations and prevailing practices within the market, lest they are confronted with unforeseen contingencies and/or commit errors by way of infractions.
“The Academy has a self-imposed responsibility to build the capacity of financial market experts to meet the high standard of integrity and excellence to which they are held. Empowering operators in the sector on how to manage risks and prevent infractions is a necessity at this point in our nation’s development.”
In his remarks, the Director of Sustainability Centre and Associate professor of Strategy, Corporate Governance and Risk Management, LBS, Dr. Franklin Ngwu, who congratulated the participants for the unique opportunities that the course provided, noted that the first programme, jointly organised by the two organisations in May this year was very successful.
According to him, there would be more collaboration on capacity building by LBS and CIS next year.
The two-day training was attended by capital market regulators, operators, Chief Executive Officers and captains of industries.