Brokerage Chief

Published on Author

16 Mar 2020.

A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer, or principal when it trades.

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A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on.

With the appointment of Professor Ibrahim Agboola Gambari as Chief of Staff to Nigeria’s President Muhammadu Buhari last week.