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By Chukwuma Umeorah
The Nigerian Exchange Limited has honoured the outgoing 13th President and Chairman of Council of the Chartered Institute of Stockbrokers, Oluropo Dada, for his contributions to the development of Nigeria’s capital market, as stakeholders reviewed his tenure and called for sustained industry collaboration.
Dada rang the ceremonial closing gong at the Exchange, a recognition reserved for individuals considered to have made notable contributions to the market. He assumed office as CIS President in July 2024, after serving as first and second vice president.
Speaking at the event, the Group Chairman of NGX Group, Umaru Kwairanga, said the Institute recorded measurable progress during Dada’s tenure, particularly in strengthening engagement with government across different levels. He described Dada as “humble and impactful.”
The Chief Executive Officer of NGX Group, Temi Popoola, also noted that Dada’s leadership style encouraged broader participation within the Institute and the market, urging him to remain involved in advancing the capital market beyond his tenure.
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The Chairman of the Association of Securities Dealing Houses of Nigeria, Sehinde Adenagbe, said the administration strengthened collaboration between ASHON and CIS, adding that both bodies worked more closely towards shared industry objectives.
In his remarks, Dada thanked NGX and other stakeholders for their support, stating that the cooperation he received made the tenure “rewarding and impactful.” He urged continued collaboration across the industry and called on stakeholders to support the incoming CIS leadership. “The future of our market remains bright,” he said.
The event drew participation from regulators and market operators, including the Head of the Lagos Liaison Office of the Securities and Exchange Commission Nigeria, John Briggs, who represented the Director-General, Emomotimi Agama. Also in attendance were the Institute’s first and second vice presidents, Fiona Ahimie and Dr. Akeem Oyewale, the Registrar and Chief Executive, Ayorinde Adeonipekun, and the Managing Director of the Lagos Commodities and Futures Exchange, Akin Akeredolu-Ale.
Representatives of the CFA Society Nigeria, Institute of Capital Market Registrars, Association of Issuing Houses of Nigeria, and the Fund Managers Association of Nigeria were also present, with participants noting the need to sustain cooperation to support further development of the market.
