ASHON advocates level playing ground for commodities exchanges’ in Nigeria

ASHON

ASHON advocates level playing ground for commodities exchanges’ in Nigeria   The Association of Securities Dealing Houses of Nigeria (ASHON) has urged the Federal Government to initiate policies that will enable commodities exchanges to contribute towards Nigeria’s economic growth and development. ASHON, which advocated a level playing field for all operators of commodities exchanges in Nigeria, stated that an enabling operating would enhance optimal performance of everyone in the commodities exchanges’ value chain. In a statement signed by ASHON’s Chairman, Onyenwechukwu Ezeagu, the Association noted that the proposed capital injection…

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Onyema tasks new stockbrokers on professionalism

X-Whistle, NSE, whistleblower

Oscar Onyema, the chief executive officer of the Nigerian Stock Exchange (NSE) Oscar Onyema, has counselled newly qualified stockbrokers to uphold the highest ethical standards in their professional practice. Onyema, who addressed the 50 authorised dealing clerks during the Exchange’s first virtual induction ceremony, commended the inductees for their resilience and adaptability to the new learning conditions, in spite of the challenges occasioned by the COVID-19 pandemic. He urged the stockbrokers to put the interest of the market first. According to him, the stockbrokers’ robes represent a commitment to uphold…

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Shareholders partner SEC, NSE to tackle investors’ irregular accounts

Shareholders partners SEC, NSE over investors’ irregular accounts

The Association of Securities Dealing Houses of Nigeria (ASHON) has said it is working closely with the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE) alongside other key stakeholders to address the issue of irregular accounts of investors. Irregular accounts are those that fall below minimum standard of disclosure for Know Your Client (KYC) and capable of distorting transparent transaction processes. Chief Onyenwechukwu Ezeagu, ASHON’s chairman, explained that the association had begun collaboration with all stakeholders, including the Central Securities Clearing System Plc (CSCS Plc)  Registrars and Shareholders…

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