The Nigerian Capital Market Institute is poised to enhance the market development role of the Securities and Exchange Commission by educating stakeholders to deepen the Nigerian capital market and boost investment opportunities.
Managing Director of the institute, Mr. Ismaila Ville, stated this while speaking with journalists after the accreditation of the institute in Abuja.
The NCMI is the educational arm of the SEC.
Ville, who said the accreditation would be beneficial to NCMI and the capital market community at large, stated that the Chartered Institute for Securities and Investment had identified the institute as an Accredited Training Provider that would provide global certification to capital market operators within Nigeria.
According to him, the SEC management intends NCMI to become a world-class training institute and the first among its peers, adding that it is in furtherance of this vision that the commission entered into the partnership with the CISI (UK) to ensure professionalism in the market.
“As you all know, the SEC has a dual mandate to regulate and develop the Nigerian capital market. In furtherance of its developmental mandate, the NCMI was established in 2004 to promote human capacity development and bridge the knowledge gap in the financial services sector with particular reference to the capital markets,” he stated.
The NCMI boss expressed excitement at the accreditation, which is happening after 16 years of the existence of the institute, hoping that NCMI would continue to be a catalyst for capital market growth in Africa.
“As you may be aware, the NCMI has been in operation since 2004. So it is a great achievement for us today to be accredited as an Institute.
“Some of the benefits of this accreditation are: It now allows a smooth relation with other institutions that offer certification programmes; it allows the institute to run certification programmes and continuous professional education/units; there can be membership of the institute; and it gives the institute more credibility that engenders more public/capital market confidence,” he stated.
SEC, the Nigerian capital market regulator, recently signed a Memorandum of Understanding with CISI to develop and strengthen the regulatory examinations run by NCMI and to work closely to develop Nigeria-specific content for CISI’s professional refresher, which shall form part of the Continuous Professional Development for market operators in Nigeria.
To ensure the sustainability of the partnership, train-the-trainer sessions will be delivered to NCMI.
