Don't Miss


Home   >   Market - Finance   >   Finance   >   Stakeholders task new NSE DG on transparency, investors’ confidence

Stakeholders task new NSE DG on transparency, investors’ confidence

By on April 5, 2011

THE  Registrar/Chief Executive officer,  Institute of Capital Market Registrars, Dr. David Ogogo,  yesterday, advised the new Director-General of  the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema to adhere strictly   to laid down rules and regulations as part of strategies to restore investors’ interest in the market
He also counselled him to do everything within his power to ensure that the recent forensic audit report of the Exchange was implemented holistically.
Ogogo  said there was need to carry all stakeholders along in the interest of the market and the larger economy.
National Coordinator, Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie, who spoke in a similar vein, advised  the NSE boss to address the stockbrokers and other stakeholders in the market on his plans to restore investors’ interest.

Okezie also asked the DG to ensure that the NSE Council is properly constituted.
Onyema resumed duty officially yesterday and was  introduced to stockbrokers on the trading floor by the Interim Administrator, Mr. Emmanuel Ikazoboh in company of senior management staff of the Exchange.

The  NSE boss  who opened the day trading activities by ringing the opening bell also had a maiden meeting with the management and staff of The Exchange where he charged them to rededicate themselves to work   in order to build an exchange that would be a pride of all.

He praised the efforts of the interim administration led by Ikazoboh for doing a good job at repositioning The Exchange and laying a solid foundation to build upon.

He told the staff members  that what was left for them was to take The Exchange to the next level and promised that productivity, hard work and dedication to duty would be rewarded.

According to him, productivity, hard work, commitment and loyalty to The Exchange would be the hallmark of his administration even as he promised that he would operate an open-door policy where all suggestions that can move The Exchange forward would be encouraged.

A press statement issued by Senior Manager in charge of corporate communications, Mr Wole Tokede quoted Ikazoboh  as explaining  during the meeting that executive management of The Exchange would be complete when the Executive Director Listing Directorate as well as that of Market Operations and Information Technology  resume

source : Guardian