CIS and ASHON Celebrate Nigerian Capital Market Achievements

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) commended the Nigerian capital market for its significant milestones in 2026. They cited regulatory reforms, international recognition, improved market infrastructure, and landmark capital-raising initiatives as indicators of market strength.

In a joint message signed by Dr. Fiona Ahimie, 14th President and Chairman of Council of CIS, and Sehinde Adenagbe, Chairman of ASHON, they acknowledged the efforts of the Securities and Exchange Commission (SEC) in mobilizing domestic savings and expanding investor participation towards achieving a N750 trillion market-capitalization target. They also praised the Federal Ministry of Finance for its collaboration with the SEC in launching the National Savings Scheme, which aims to enhance financial inclusion and retail investment.

The adoption of the T+1 settlement cycle on June 1, 2026, was noted as a major achievement, improving settlement efficiency. Additionally, the ongoing IPO of Dangote Petroleum Refinery and Petrochemicals was described as a pivotal moment for the capital market.