Tag: Chartered Institute of Stockbrokers

The Chartered Institute of Stockbrokers (CIS) will increase its advocacy and awareness campaign to attract young professionals into the stockbroking profession.

President, Chartered Institute of Stockbrokers (CIS), Mr Oluropo Dada, said the institute plans to promote the importance of the securities market and attract young professionals to the industry.

In his welcome address at the institute’s review of the economy and outlook for 2025 themed: “Shaping Nigeria’s Economic Future: Key Trends, Impacts and Strategic Solutions for 2025”, Dada emphasised the need to raise awareness about the benefits of investing in the securities market and the career opportunities available in the profession.

“We shall aggressively direct our advocacy into many development issues, including passage into law of the Chartered Institute of Securities and Investments of Nigeria (CISI) Bill, improved operational environment that will enable Stockbrokers earn greater income.

Read Also: Stockbrokers propose strategies to achieve Nigeria’s $1tn economy goal

“We shall work in partnership with the Association of Securities Dealing Houses of Nigeria (ASHON), attract greater government attention to the development and utilisation of the capital market. We shall work with NGX on the review of capital float for listed companies, lunch of the institute’s e-Library and contribute to the preparation of the Nigerian Gold Reserve (Establishment) Bill,” Dada said.

He also explained that the institute would partner with more universities to enhance the study of securities and investment at the Bachelor’s Degree and Post Graduate levels.

According to him, this collaboration aims to equip students with the necessary skills and knowledge to succeed in the securities and investment profession.

He reiterated that the institute was committed to developing the next generation of securities and investment professionals, who will drive the growth and development of the capital market.

“Our goal is to get Securities and Investment Profession firmly registered in the hearts of Nigerian young scholars as their career of choice and CIS as the model for professional bodies to follow,” Dada said.

The Chartered Institute of Stockbrokers (CIS) has appointed Mr. Ayo Adeonipekun as its Registrar and Chief Executive.

Adeonipekun brings on board over 25 years of extensive multidisciplinary experience and exposure in leadership, finance, people and performance management, corporate planning and administration.

He succeeds Dr Josiah Akerewusi who retired after a decade of service to the institute.

President, Chartered Institute of Stockbrokers (CIS), Mr. Oluropo Dada, noted that the institute’s chief executive role is a critical role that requires strong leadership, strategic thinking, and a deep understanding of the capital market.

“Adeonipekun possesses these qualities  to transform the institute into a world- class certification entity,” Dada said.

Prior to his appointment, Adeonipekun  was the pioneer Managing Director of Reliance Capital Limited, a  funds and portfolio manager, duly licensed by the Securities and  Exchange Commission (SEC),

An Alumnus of the Lagos Business School, he holds a Bachelor of Science Degree in Accounting (Second Class Upper Division) and a Master’s Degree in Finance, both from Olabisi Onabanjo University, Ago-Iwoye. He also has Higher National Diploma (HND) in Accountancy from Yaba College of Technology. He is currently a Doctoral Candidate  (PhD Finance) at Olabisi Onabanjo University.

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A Fellow of the CIS, he qualified as a Chartered Stockbroker in March 2006 whilst at Crossword Securities Limited. He also qualified as a Chartered Accountant in May 1997 and was admitted as a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) in 2013. He is a Certified Microfinance Banker (CIBN-MCP),  and an Associate Member, Chartered Institute of Taxation of Nigeria (CITN), Trading License holder of the Nigerian  Exchange  (NGX) and a Registered Capital Market Operator and Sponsored Individual with SEC.

He had served in various top management positions in leading organizations such as Marina International Bank (Now Access Bank), Crossword Securities Limited,  Sterling Bank, First City Monument Bank Plc, Susu Microfinance Bank and MBL Financial Services amongst others.

Worried by the inclement operating environment in Nigeria, Chartered Institute of Stockbrokers  (CIS) is set to leverage its members’ strong financial background to identify strategies by which the Nigerian Federal Government can grow the economy to its $1.0 trillion target.

Besides , the  Institute’s plan to showcase innovative solutions for capital market expansion and economic growth and development, shall form the fulcrum of its 28th Annual Stockbrokers Conference, scheduled for November 7th and 8th, 2024in Ibadan, Oyo State capital.

The two-day Conference , themed :

“Capital Market as a Catalyst for the $1.0 Trillion Economy” to hold at Jogor Event Centre, Ibadan, aims to explore the critical role of the capital market in driving Nigeria’s economic growth and achieving a trillion-dollar economy. The event will bring together policymakers, industry leaders, and finance experts to share insights and proffer solutions to the challenges facing the Nigerian economy.

A Statement, signed by the Institute’s Registrar and Chief Executive, Dr Josiah Akerewusi, indicates that participants shall

examine the current state of the Nigerian economy and identify areas for improvement, discuss  strategies for enhancing the capital market’s contribution to economic growth and foster  collaboration among stakeholders to drive policy reforms and regulatory enhancements amongst others.

“ As we all know, the Federal Government under the leadership of President Bola Ahmed Tinubu has articulated the vision of attaining a $1 trillion economy during his tenure and we firmly believe that Nigerian Capital being a key driver of the economy is well positioned to drive the actualisation of the vision.

We are convinced that the Nigerian Capital Market can generate up to half of the envisaged $1 trillion.

“ The choice of Ibadan for this year’s Conference is intentional. Ibadan is an ancient city with lots of attractions that will create great memories for every participants.  It is an avenue for stockbrokers  to take time out of the hustling and bustling of Lagos and be in a relaxed atmosphere to network and connect with each other. Ibadan has a beautiful scenery and some of the listed  companies have their factories in Ibadan.”, says the 1st Vice President, Fiona Ahimie.

Read Also: Experts seek move to credit-based economy

Corroborating her, the Vice Chairman, Annual Conference  Committee, Simisola Ojumu, highlighted the uniqueness of the 2024 Conference, saying : “ The panel sessions have been carefully structured to address critical issues about making the Nigerian business environment attractive for doing business to attract more domestic and foreign investment. The sessions will address policy and regulatory framework for optimal capital market performance.

There will also be deliberations on how digital innovation can be harnessed for  overall growth and development of the capital market ecosystem.”

Topics that shall engage the Panelists include : “ X-Raying the Critical Sectors of the Nigerian Economy: Recommendations for Improved Performance”; “ Strengthening  the Capital Market’s Roles for Economic Growth through Strategic Enhancements”; “ Enhancing Policy and Regulatory Framework for Capital Market Performance” and “Harnessing Digital Innovation for Capital Market Expansion and Economic Growth.”

The Chartered Institute of Stockbrokers (CIS) has inaugurated its Lagos Island District Society as part of organic membership drive and need for collaboration.

By the inauguration, stockbrokers in the area, shall meet regularly to update themselves on the latest development in the institute and the financial market, uphold the tenets of professionalism, deepen investor education and encourage young ones to take career in securities and investment profession.

In his inaugural speech, President, Chartered Institute of Stockbrokers (CIS), Mr. Oluropo Dada explained the uniqueness of the Lagos Island District Zone, which comprises the largest concentration of securities and investment professionals in Nigeria.

According to him, this imposes on the District, the  responsibility to play vital role in the growth and development of the institute.

“The Lagos Island District Society holds a unique position in the annals of our great institute. It is the district with the largest concentration of securities and investment professionals in our dear country, and as such, much is expected from this district. With a significant membership base, this district has a distinct opportunity, and indeed the responsibility of significantly impacting the growth of the institute,” Dada said.

The maiden Chairman, Lagos Island District, Mr. Hakeem Otiti, assured that his members shall collaborate with the institute’s principal officers to bring about rapid development in the securities and investment profession.

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Otiti noted that his members were aware of the  responsibilities ahead and would work as a team to support the Institute.

“ There is a lot of tasks ahead of us. It is an opportunity to serve, and opportunity to be servants of our institute and I believe we are going to grow the institute’s membership. This district is the nerve centre of the institute. We are going to work in collaboration with the institute and the key members of the community for the accomplishments of the objectives of the district in particular and the institute in general,” Otiti said.

The high point of the inauguration was  the taking of the oath of office by the members of the interim executives.  The creation of the Lagos Island District Society is aimed at fostering collaborations and a sense of community among members of the CIS in the Zone. In December last year, the institute inaugurated the FCT, Nothern Zone District in Abuja.