In pursuit of its members’ expanded scope of operations, the Association of Stockbroking Houses of Nigeria (ASHON) is set to unveil a new corporate identity even as it has concluded arrangements to host 2019 Capital Market Summit on Friday, March 29 at Federal Palace Hotel, Lagos.
One of the highlights of the annual event is confinement of awards to some distinguished professionals in the financial markets.
Scheduled to hold at Federal Palace Hotel, Lagos, the Summit is expected to attract a cream of capital market experts, policy makers, regulators and operators in the Nigerian Financial industry.
According to ASHON’s Public Relations Officer, Ms Ify Ejeize, the event is to deliberate on critical issues of how to develop and deepen the Capital Market and proffer solutions to knotty challenges facing the economy in general and the capital market in particular.
Commenting on new logo and corporate name, ASHON’s Chairman, Chief Patrick Ezeagu explained that the new name, Association of Securities Dealing Houses of Nigeria (ASHON) would be unveiled at the Summit.
Chief Ezeagu noted that the new name was long overdue in line with the changing dynamics of operations of ASHON’s members. He explained that the it was too limiting to call the individual members stockbrokers because aside from equity trading, they deal in an array of securities, including derivatives, fixed income securities, commodities among others.
“The name you bear defines you. It is long overdue for our members to drop a name that portrays them as dealing in equity trading alone. We are trained and qualified to deal in many commodities. Our new logo is symbolic.
“We are launching it along with our new corporate name at the Summit. The bar chart on our new logo implies the true position of a normal market. A normal market is never static continually. Bullish and bearish trend are normal features of a stock market.”, said Ezeagu
The Theme for this year’s Summit, “Financial Inclusion – The Capital Market Perspective” has been uniquely chosen for examination of how capital market can be deployed for financial inclusion.
In the same vain, ASHON shall be giving awards to deserving and distinguished stakeholders in the Nigerian Financial Industry in recognition of their immense contributions to the growth and development of The Capital market. Expected to grace the event as Special Guest of honour is the former Chairman of The Nigerian Economic Summit Group, Mr Bukar Kyari .
The Summit shall provide a veritable platform for some of the best minds in the financial market to dissect the current challenges facing the economy and propose concrete areas where government at all tiers can leverage capital market to assist the growth of the Nigerian economy.
Over the years, ASHON had always issued communique on the relevance of the capital market to economic development after their annual conferences without response from the government.
The key note speaker is the former Minister of National Planning,Dr Shamshudeen Usman, Similarly, the Chairman of Polaris Bank and former DG of PENCON, Alhaji M. K. Ahmad is expected to deliver a paper during the event. A host of individuals and corporate bodies who have positively served the Nigerian Capital Market and organizations are expected to receive various awards .
However, it is expected that this summit will be a complete departure from the
Previous experience, thereby record appreciable attendance and participation by top government functionaries at the summit.