Stockbrokers Support Dangote’s 5-Point Agenda

The Association of Stock broking Houses of Nigeria (ASHON) has assured the newly elected president of the Nigerian Stock Exchange (NSE), Aliko Dangote, of its support to move the Exchange to the next level.
Chairman of the Association, Rasheed Yusuf who led a nine-man delegation to the office of Dangote, said they fully support the five point agenda of the NSE council’s president which he made in his acceptance speech when he won the election.
He said “we cannot but pledge our support at all times to your leadership of the Exchange, and declare our readiness to collaborate with you to ensure your success in this all important task of moving the Exchange forward.”
Some of the key request of the Association include more representation on the council Exchange from the current seven to nine dealing members, and the involvement of the Association in the transformation of the Exchange in selecting their representatives.Dangote informed the visiting stock brokers that the issue of more representation on the council would be looked into particularly against the fact that they are the major players in the stock market.
Dangote also promised to focus on increasing the liquidity of the market by ensuring that NSE and stock brokers will engage all other important stakeholders in the Nigerian economy to investor confidence and increase market liquidity.