NGX inducts 115 dealing clerks

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.

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.

Read also: NGX begins Commercial Paper listings

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.

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, Sehinde Adenagbe, ASHON chairman, , highlighted the profession’s responsibility in sustaining investor trust.

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.

Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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