The Chartered Institute of Stockbrokers (CIS) has advised the new members through Executive Conversion Programme to take advantage of its robust Continuing Professional Development (CPD) Programme to keep tab on the Capital Market operations.
Addressing the Third Stream in Lagos at the weekend, the Institute’s Head, Training and CPD, Mr Chukwudi Nga explained that innovation had put the market on the fast lane of changes and every stakeholder must keep abreast of constant changes in order to be relevant in the market.
Nga noted that attendance and participation at CPD would account largely for renewal of trading licence, hence, the university lecturers should aspire to meet the minimum requirements.
“Apart from our annual National Workshop and Stockbrokers’ Conference which are Platforms for us to set agenda for the economy and market, we place premium on participation at our CPD. I urge you all to take advantage of the CPD to update your knowledge of the market regularly and be on top of every new initiatives.”, Nga said.
Meanwhile, stockbrokers have been urged to deepen their knowledge of data analysis to enable investors identify major risk factors in each quoted company.
Commenting on one of the major challenges to investment in securities in Nigeria, a facilitator at the just concluded training for the Third Stream of the Executive Conversion Programme, lMr Ademola Omolehinwa explained that dearth of data that reveal risk factors of quoted companies in Nigeria had always affected investment decision.
Omolehinwa, who spoke on “ Securities Analysis and Valuation in the Capital Market “ at the Third Stream of the Executive Conversion Programme of the Chartered Institute of Stockbrokers ( CIS), yesterday in Lagos, explained that inability to identify the major risk factors which he technically called beta factors was a major impediment to investment in the quoted companies in Nigeria.