NIM lauds NSE’s membership of WFE, seeks collaboration

THE President and Chairman in Council, Nigerian Institute of Management (NIM) (Chartered), Dr. Nelson Uwaga has commended the admission of the Nigerian Stock Exchange as a full member in the World Federation of Exchanges.

He described it as an endorsement of the transparent and professional manner through which the present team of Nigerian Stock Exchange has managed the affairs of the over 200 companies listed at the Exchange, the teeming trading public and other stakeholders.

Uwaga mentioned this during the courtesy visit of NIM to the Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, Directors and Directing Staff at the Stock Exchange building in Lagos with a view to collaborating and partnering with the Nigerian Stock Exchange.

“NIM, the foremost and largest multidisciplinary professional body in Nigeria with membership strength of over 200,000 individual and 400 corporate members that has been making invaluable contributions towards nation building in the last 54 years commends the contributions of the Exchange towards the turnaround of the nation’s economy through the rejuvenation of the stock market especially in the last four years.

“Apparently, there has been an upsurge in activities in the trading floor of the stock exchange which is a clear evidence of renewed confidence by the over 200 listed companies, international and the trading public
“It is equally gratifying to note that the Exchange Commission (SEC) has been discharging its duties professionally in line with international best practices as there has hardly been news of unethical practices from your activities’
“I am here to also apprise you of the Institute’s continued contributions to nation building and to seek ways we can work together in a mutually rewarding and beneficial way” Uwaga said.

Uwaga further explained that the 200 listed companies that are trading with the Stock Exchange are all very good companies and the Institute believed that it stands a good stead to help some of those companies not yet doing well by offering customized training to them which could only be factored through partnership with the Stock Exchange.