Nigerian Exchange Limited (NGX) has inducted 115 newly qualified Authorised Dealing Clerks, marking one of its largest cohorts in recent years and underscoring the Exchange’s efforts to strengthen professionalism across the capital market.
The inductees, drawn from brokerage firms nationwide, completed NGX’s rigorous 15-day Automated Trading System (ATS) Brokers’ Certification Programme, which provides technical training on market structure, trading procedures and compliance requirements.
Alhaji (Dr.) Umaru Kwairanga, Chairman of NGX Group, described the induction as “a testament to hard work and a deepened understanding of the market’s operational framework,” noting that the ceremony marked an important step in replenishing the talent pipeline for Nigeria’s securities industry.
Jude Chiemeka, Chief Executive of NGX, used the occasion to reiterate the Exchange’s focus on market integrity. The ceremonial robes presented to the new clerks, he said, symbolise a binding commitment to the ethical standards of the Chartered Institute of Stockbrokers and the NGX Rulebook. “Your duty is to uphold the integrity and professionalism that underpin market confidence. These standards are non-negotiable,” he told the inductees.
Chiemeka emphasised NGX’s zero-tolerance stance on market infractions and noted that the Exchange has reinforced its regulatory posture through closer cooperation with the Economic and Financial Crimes Commission under an existing MoU aimed at curbing financial misconduct. “Support for your growth will remain steadfast, but breaches of the rules will attract decisive action,” he said.
Industry veterans also addressed the new clerks. Rasheed Yusuf, the Doyen of Stockbrokers, urged them to maintain the profession’s long-held ethos—“our word is our bond.” Meanwhile, ASHON Chairman, Sehinde Adenagbe, highlighted the profession’s responsibility in sustaining investor trust.
The induction comes as NGX continues to modernise its trading infrastructure and deepen participation in the capital market. The Exchange said it will provide ongoing capacity-building programmes to ensure the new Dealing Clerks are well prepared to contribute to market development, regulatory compliance and long-term stability.
