Chartered Institute of Stockbrokers begins training on commodities market

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Nigeria’s Chartered Institute of Stockbrokers (CIS), have begun to expose stockbrokers and other securities dealers to the fundamentals of commodities trading.

The two-day intensive training, which is in collaboration with the Lagos Commodities and Futures Exchange (LCFE) was tagged “Understanding Commodities Market and Trading” for stakeholders in the securities market.

The Managing Director and Chief Executive Officer of LCFE, Mr. Akin Akeredolu-Ale underscored the substance and essence of strategic capacity building in certification of personnel, trading practices, standardization and products development as essential ingredients for the smooth take-off of the new Exchange.

Akeredolu-Ale who expressed optimism that the training would be sustainable noted that the partnership between LCFE and CIS was informed by the statutory position of the Institute as the only body recongnised by law in Nigeria to train and certify dealers for commodities trading.

Peace PIAK