The Chartered Institute of Stockbrokers has said it will work closely with the Nigerian Commodity Exchange for the development of the country’s capital market.

In this regard, officials of the institute, led by one of its former presidents, Mr. Mike Itegboje, and the current First Vice-President visited the NCX in Abuja last week, a statement from the CIS said on Sunday.

“The visit, aimed at creating a symbiotic relationship, is to enable the CIS key into the vision of the NCX, particularly in the areas of capacity building and certification programmes that would reinforce the growth and development of the Nigerian capital market,” the statement read in part.

It quoted Itegboje as saying partnership between both firms would specifically enable the CIS to provide support for the NCX through the training and certification of commodity brokers, securities and investment professionals.

He said the plan to provide continuous training for commodity brokers and the NCX workers in line with the global best practices was in line with the ongoing transformation of the institute.

Itegboje explained that the institute’s affiliation with the Association of Certified International Investment Analysts and the New York Institute of Finance was part of the efforts to ensure global best practices for the professionals in the securities and investment sectors of the capital market.

The Group Head, Operations, NCX, Mr. Benson Lawal, assured the CIS team that the Commodity Exchange would be willing to partner the CIS in terms of providing training for its members.

According to him, the idea that the NCX employees should take the CIS’ professional diploma examination in securities and investment is welcome as there is no way professionalism can be measured without excellence.

Punch