..As FG Lauds Stockbrokers On $1Trn Economy Target Drive
The Securities and Exchange Commission (SEC) Nigeria has urged stockbrokers to uphold the highest level of professionalism and ethical conduct at all times in a bid to ensure a fair and transparent market.
Director General of the commission, Dr. Emomotimi Agama, who gave this charge at the weekend during the 29th annual conference of the Chartered Institute of Stockbrokers (CIS) in Abuja, maintained that investors must have full confidence that the intermediaries, who manage their wealth, are guided by the highest standards of honesty and competence.
Agama notedthe theme of this year’s conference “Capital Markets in a Digital, Ethical, Sustainable Era: Pathways for Economic Transformation” was timely as it speaks directly to the global transition where technology drives innovation, where ethics anchor trust, and where sustainability defines the future of finance.
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He said: “These three dimensions—digitalization, ethics, and sustainability—are not separate pillars; they form the foundation of a modern, inclusive, and resilient capital markets.
“Across the world, capital markets are being reshaped by technological innovation. The digital era has introduced new possibilities—from online trading platforms and digital assets to data analytics, blockchain, and artificial intelligence. These innovations are changing how we raise capital, how we invest, and how we supervise”, Agama stressed.
He pointed out that the commission had embraced this transformation as an opportunity to enhance efficiency, transparency, and investor protection adding that ongoing efforts to strengthen market surveillance systems, automate regulatory processes, and introduce risk-based supervision frameworks are all aimed at positioning the Nigerian capital market for the realities of a digital economy.
The investment expert said: “We are also actively engaging with stakeholders: including the Chartered Institute of Stockbrokers, to deepen digital literacy and capacity-building across the market. As technology evolves, so must our skills, our ethics, and our shared commitment to fairness and professionalism.
“No amount of innovation can replace the foundational importance of ethics. A truly transformative capital market must be built on integrity, transparency, and accountability”, the Director-General added.
He said the CIS had remained a key partner in this regard, setting professional standards and upholding the code of ethics that define the stockbroking profession.
Agama expatiated: “As regulators, we continue to emphasize that professionalism and ethical conduct are non-negotiable. Investors must have full confidence that the intermediaries who manage their wealth are guided by the highest standards of honesty and competence.
“Together, the SEC and the CIS must continue to strengthen ethics education, continuous professional development, and disciplinary frameworks to ensure that the market remains a place of trust”, he added.
Also at the event, the Federal Government commended the professional body for its proactive advocacy on how the country could achieve the $1 trillion economy target by 2030, through strategic engagement with capital market opportunities.
The Deputy Chief of Staff to the President in the Office of the Vice President, Sen. Ibrahim Hadejia, praised the Institute’s commitment to national economic growth.
He said: “On behalf of the Federal Government, I wish to commend the Chartered Institute of Stockbrokers for its bold and forward-looking advocacy aimed at positioning the Nigerian economy on the path to achieving a $1 trillion GDP.
“The journey to a $1 trillion economy is ambitious, but with strategic collaboration between government, regulators, and market operators, it is entirely achievable. We commend CIS for its leadership, and we look forward to continued partnership in building a stronger, more inclusive, and globally competitive Nigerian economy. The capital market remains one of the most powerful engines for sustainable economic transformation”, Hadejia added.
Photo Caption
L-R: Director General/CEO of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii; 2nd Vice President of the Chartered Institute of Stockbrokers (CIS), Dr Akeem Oyewale; 1st Vice President, CIS, Fiona Ahimie ; Chairman of House Committee on Capital Market, Solomon Bob; 13th President and Chairman of Council of the CIS, Oluropo Dada; Deputy Chief of Staff to President in the Office of Vice President, Senator Ibrahim Hadejia; Director General, Securities and Exchange Commission (SEC), Dr Emomotimi Agama; Group Chairman, NGX Group Plc, Alhaji Umaru Kwairanga; Registrar and Chief Executive of the CIS, Ayorinde Adeonipekun; and Vice Chairman, Senate Committee on Capital Market, Senator Peter Jiya, during 29th CIS’ Conference held at the weekend in Abuja
