{"id":40160,"date":"2020-05-15T16:45:27","date_gmt":"2020-05-15T15:45:27","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=40160"},"modified":"2020-05-15T16:45:27","modified_gmt":"2020-05-15T15:45:27","slug":"isan-seeks-consolidation-of-nigerias-255-stockbroking-firms-ask-for-palliatives-for-investors-businesses","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/isan-seeks-consolidation-of-nigerias-255-stockbroking-firms-ask-for-palliatives-for-investors-businesses\/","title":{"rendered":"ISAN Seeks Consolidation Of Nigeria&#8217;s 255 Stockbroking Firms. &#8230;Ask For Palliatives For Investors, Businesses"},"content":{"rendered":"<div dir=\"ltr\">\n<div>\n<div dir=\"ltr\">The National Co-ordinator,Indipendent Shareholders Association of Nigeria (ISAN),Dr Anthony Omojola has called for the consolidation\u00a0 \u00a0of 255 Stockbroking houses in the counry,saying that only about 10 of them dominate the market.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">According to him their own recapitalization should see some Mergers that will bring the number to a manageable size and help to improve the performance of the capital market sector of the economy<\/div>\n<div><\/div>\n<div dir=\"ltr\">Omojola who was speaking in a virtual interview said that going forward there is every likelihood that that the nation will\u00a0 witness some growth in the areas of Medium and Small scale Companies because of some parliatives and tax incentives extended to them in this year&#8217;s budget.<\/div>\n<\/div>\n<\/div>\n<div dir=\"ltr\">On ISAN expectations for the year 2020,he stated as follows:&#8221; We are concerned with the purchasing power of the people in terms of goods and services which has been seriously affected by the value of naira which is a reality of increase in tariffs, rates and other government policies that have negative effects on the people.<\/div>\n<div><\/div>\n<div>&#8221;We urge the government to do more to lessen the burden in the business operating environments in the country, so that more profits can be made by individuals, entrepreneurs and companies.Further efforts should be made in decongesting the Lagos Ports with a view of lowering products costs which will have a salutary effect on\u00a0 our level of inflation which is on the rise.<\/div>\n<div><\/div>\n<div>&#8221;Nigeria require huge infrastructural improvements in power, road, rail and air.\u00a0 With an improved road and rail transport system, locally produced goods and services will contribute more to the GDP.The question is, how visible is the promise to link all the state Capitals through rail?\u00a0 For this to happen, our budget needs more allocation for better funding Reliance on loans alone may not help us.\u00a0 But if properly funded and implemented, finished goods will be transported through the rails and maintenance costs on the roads will be drastically reduced&#8221;.<\/div>\n<div><\/div>\n<div dir=\"ltr\">Going on he stated&#8221;In 2020, we expect the full demutualization\u00a0 of the Nigeria STOCk EXCHANGE, and this will usher in more opportunities for bigger investments, standardization of policies and bring along with it some level of confidence in the Capital Market&#8221;,even as he asked for palliatives for businesses and investors.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">He praised the central banks&#8217; plan to consolidate the banking sector,saying that our banks needs to retool to better serve the needs in the economy,saying that the value of the Naira in the international market gives him cause for concern.As well he expressed joy over the effort to consolidate the insurance sector.<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The National Co-ordinator,Indipendent Shareholders Association of Nigeria (ISAN),Dr Anthony Omojola has called for the consolidation\u00a0 \u00a0of 255 Stockbroking houses in the counry,saying that only about 10 of them dominate the market.\u00a0\u00a0<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":17433,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1525],"coauthors":[2391],"class_list":["post-40160","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-stockbrokers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ISAN Seeks Consolidation Of Nigeria&#039;s 255 Stockbroking Firms. ...Ask For Palliatives For Investors, Businesses - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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