New CIS president seeks suspension of capital base increase

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The President, Chartered Institute of Stockbrokers, Mr Omotunde Amolegbe, has said capital market regulators should not increase the minimum capital base of market operators as the current operating e

nvironment will not support such a move.

“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.” According to him, the essential need of the Nigerian capital market, especially the stock trading at this moment, is access to trading liquidity.

 

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