The Chartered Institute of Stockbrokers (CIS) plans to raise about N5 billion in
endowment fund to deepen professionalism in the capital market as part of
efforts to sustain Nigeria as a globally competitive market.
President, Chartered Institute of Stockbrokers (CIS), Dr. Fiona Ahimie, said the
N5 billion fund would be used to support talented young professionals who lack
the financial resources to pursue careers in the securities and investment
industry.
According to her, the institute would pursue an ambitious reform agenda aimed
at strengthening its influence, expanding its national and regional footprint,
enhancing the recognition of its professional qualifications.
Ahimie, who spoke at her inauguration as the first female president of the CIS
pledged to build on the achievements of previous administrations while
positioning the institute as a key driver of capital market development and
Nigeria’s broader economic transformation.
Ahimie, the 14th president of CIS, outlined a five-point agenda centred on
enhanced member engagement, increased recognition of CIS certifications,
nationwide membership expansion, regional integration beyond Nigeria’s
borders, and improved financial sustainability.
She said the institute plans to launch a member engagement and participation
initiative aimed at increasing the visibility and involvement of stockbrokers and
investment professionals in industry forums, policy discussions, and stakeholder
engagements.
According to her, to promote greater national inclusion, there are also plans to
expand the institute’s presence beyond Lagos and Abuja through stronger
regional structures and the establishment of additional district societies across
the country.
“The relevance of our institute is not fixed by our past but determined by our
collective courage in the present. We can and will strengthen our Institute,
deepen participation in our profession, and expand across this nation,” Ahimie
said.
She paid tribute to her predecessor, Mr. Oluropo Dada, describing him as a
remarkable leader, friend, and mentor whose tenure strengthened collaboration
among principal officers and elevated the institute’s profile.
Also sworn in were the First and Second Vice Presidents, Dr. Akeem Oyewale
and Mr. Jude Chiemeka, respectively, while the outgoing President, Mr.
Oluropo Dada, assumed the position of Immediate Past President (IPP).
The historic inauguration attracted dignitaries from government, the private
sector, and the financial services industry, many of whom commended the
institute’s commitment to gender inclusion and expressed confidence in
Ahimie’s leadership.