ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

Amolegbe sworn-in as new CIS president

Urges regulators not to increase minimum capital

12th August 2020
in Business, National
0
Amolegbe sworn-in as new CIS president
0
SHARES
124
VIEWS
Share on FacebookShare on Twitter

Chinwendu Obienyi

The President of the Chartered Institute of Stockbrokers (CIS), Mr Olatunde Amolegbe, at his investiture as the 11th President President of the Institute on Tuesday, identified the key areas of focus under his administration.

State Governors and captains of financial institutions have pledged their willingness to collaborate with the Institute whose members are agents of capital formation and mobilisation in order to enhance Nigeria’s economic growth and development.

In his acceptance speech after his swearing-in by the Institute’s Assessor, Disciplinary Tribunal, Justice Adesuyi Olagbegi, and having been decorated with the insignia of office at the of physical and virtual ceremony, Amolegbe assured the financial market community and the government of his administration’s determination to address immediate needs of the Institute while medium and long term strategic focus would be vigorously pursued.

‘I will work in harmony with our distinguished council members to ensure that we take CIS to the next level in all aspects. These include the areas of conducting examinations, policy advocacy, membership relationships, and trainings and professional development. However, I pledge firmly that we will carry all our critical stakeholders along in everything we do.,’ he said.

He reiterated his earlier position that regulators should not increase the minimum capital base of market operators as the current operating environment would not support such a move.

‘We will continue to work in close partnership and cooperation with the Securities and Exchange Commission (SEC), the Association of Securities Dealing Houses of Nigeria (ASHON) and all the registered securities trading platforms in the country; and may I at this juncture make a strong plea that any plans to increase minimum share capital requirement for Capital Market Operators be suspended for now. It will simply not be right in the face of the gargantuan operational and revenue challenges currently facing the industry.

‘The essential need of the Nigerian Capital Market, especially stock trading at this moment, is access to trading liquidity. It was liquidity that enabled our stock market to grow in quantum leaps during the historic bull market run of 2005 – 2007, and that in turn galvanized the primary market where several companies and governments at various levels were able to raise massive capital for expansion and development projects. We will work assiduously to return the market to that level, albeit with a more effective, stronger and coordinated regulatory mechanism.’

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

David

David

Sun News Online team

Related Posts

Onne Customs rakes in N118.9 billion in 2020
National

Onne Customs rakes in N118.9 billion in 2020

13th January 2021
NNPC commits to OPEC+ agreement, to focus on gas
Business

NNPC commits to OPEC+ agreement, to focus on gas

13th January 2021
A police witness, Mr Adekunle Akeem Adetokunbo, told the Lagos State Judicial Panel investigating SARS abuses on Wednesday that he did not find any of the police officers accused of assaulting 27-year-old Felicia Nkemakolam Okpara guilty of the allegations made against them.
National

Police deny removing lady’s bra, stealing her money during #EndSARS protests

13th January 2021
Next Post
Police IG

Harassment: Enugu Traditional ruler, Community leaders petition IGP

Emirates to address Nigeria's needs through its new partners portal

BAN

FIFA World Cup Asian qualifiers postponed to 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Oyo: Makinde reinstated 900 workers sacked by past administrations – Head of Service

NECO releases 2020 June/July SSCE results, 894,101 candidates pass with five credits and more

Clark to Akpabio: Stop interfering with NDDC

AfICTA names Tawfiq as Africa ICT Champion 2020

Court stops FG on $300 million Abacha loot

PDP living in denial of its internal organisational challenges – Lukman

Trending

Onne Customs rakes in N118.9 billion in 2020
National

Onne Customs rakes in N118.9 billion in 2020

13th January 2021
0

From Tony John, Port Harcourt The Onne Port, Area 2 Command of the Nigeria Customs Service (NCS)...

NNPC commits to OPEC+ agreement, to focus on gas

NNPC commits to OPEC+ agreement, to focus on gas

13th January 2021
A police witness, Mr Adekunle Akeem Adetokunbo, told the Lagos State Judicial Panel investigating SARS abuses on Wednesday that he did not find any of the police officers accused of assaulting 27-year-old Felicia Nkemakolam Okpara guilty of the allegations made against them.

Police deny removing lady’s bra, stealing her money during #EndSARS protests

13th January 2021
Oyo: Makinde reinstated 900 workers sacked by past administrations - Head of Service

Oyo: Makinde reinstated 900 workers sacked by past administrations – Head of Service

13th January 2021
NECO releases 2020 June/July SSCE results with 894,101 candidates passing with five credits in Maths and English

NECO releases 2020 June/July SSCE results, 894,101 candidates pass with five credits and more

13th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist