Business News

Capital Market Stakeholders Warn Again Proposed CBN Act Amendment

CBN Ways and Means

By Aduragbemi Omiyale Some critical stakeholders in the capital market have expressed serious concerns over the proposed amendments to the Central Bank of Nigeria (CBN) Act No. 7 of 2007. According to the Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON), the action could have adverse economic consequences. While both organizations acknowledged the merit of some proposed amendments aimed at enhancing corporate governance and compliance, they stressed the importance of considering the broader ramifications. The President and Chairman of the Council of CIS, Mr Oluropo Dada, emphasised the pivotal role of the central