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

Commerce

JAMB 2007

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

Correct Answer: Option B

Explanation

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