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The body regulating the sale and purchase of shares in Nigeria is the?

Commerce
JAMB 2007

The body regulating the sale and purchase of shares in Nigeria is the?

  • A. Corporate Affairs Commision
  • B. Securities and Exchange Commision
  • C. Securities and Exchange Tribunal
  • D. Nigeria Stock Exchange
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Correct Answer: Option B
Explanation

The Securities and Exchange Commission (SEC), is the apex regulatory institution of the Nigerian capital market. We all know the capital market is where long-term securities are sold, and shares fall under long-term securities.

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now