Stockbrokers, others seek N200bn market intervention fund

      The Chartered Institute of Stockbrokers, the Association of Stockbroking Houses of Nigeria and the Association of Issuing Houses of Nigeria want the Central Bank of Nigeria to create an intervention fund of N200bn to be accessed by the market makers to shove up the capital market.

“There should be a policy for the banks to operate zero interest rate to stimulate activities in the capital market".In a statement made by the Association of Stockbroking Houses of Nigeria(ASHON)President, Mr. Emeka Madubuike.He also said the Securities and Exchange Commission should also consider structuring accrued dividends to shore up the market, adding that in recognition of the importance of the capital market, the government should make a pronouncement on the state of the market as a form of comfort to the investing public.