The Association of Stockbroking Houses of Nigeria (ASHON) has made a formal demand for higher stockbroking fees, citing the need for improved operational sustainability and enhanced service delivery within the industry.
In a recent statement, ASHON highlighted that the current fee structure has not kept pace with rising operational costs, which has impacted the ability of stockbrokers to provide quality services to their clients. The association argues that an increase in fees is essential to support the growing demands of the market and to maintain competitiveness.
ASHON’s leadership emphasized that a revised fee schedule would enable stockbrokers to invest in technology, training, and other resources necessary to enhance trading efficiency and client satisfaction. They believe that these improvements would ultimately benefit the broader financial market.
The call for higher fees comes at a time when the Nigerian capital market is experiencing significant changes and challenges, and ASHON is advocating for a collaborative approach with regulatory bodies to implement this adjustment effectively.
As discussions continue, the association remains committed to ensuring that the interests of both stockbrokers and investors are safeguarded, while striving for a more robust and sustainable financial ecosystem in Nigeria.