Umaru Kwairanga, chairman of the Nigerian Exchange Group, has commended the Chartered Institute of Stockbrokers for promoting ethics, professionalism, and sustainable growth in Nigeria’s capital market.

Mr Kwairanga gave the commendation in a statement on Thursday while delivering a goodwill message at the 29th Annual Conference of the Institute, held in Abuja. He congratulated the president and chairman of the institute’s governing council, Oluropo Dada, for his leadership and commitment to advancing the securities profession.

“Stockbrokers are not just stakeholders in the Nigerian Exchange. They are the lifeblood of our organisation. Their daily presence sustains the group,” he said.

He reiterated that NGX and FINMAL Finance hold the Institute in high regard and would continue to collaborate to promote excellence and professionalism in the financial market. According to him, the active engagement of CIS with policymakers under Dada’s leadership had strengthened advocacy for a more responsive and business-friendly environment.

Mr Kwairanga commended President Bola Tinubu’s administration for its economic reforms, describing it as the most business-minded administration in the nation’s history. He said the administration had shown strong political will to implement tough but necessary policies aimed at repositioning the economy for sustainable growth.

“President Bola Tinubu’s administration understands business and the economy. It has what it takes to turn the economy around for good,” he said.

He cited finance minister Wale Edun, CBN governor Yemi Cardoso, Shamsedeen Ogunjimi, and Timi Agama as stockbrokers contributing significantly to managing the nation’s economy. Mr Kwairanga said their expertise had improved Nigeria’s economic indices, restored investor confidence, and boosted capital market performance in the past two years.

(NAN)