Which institution is responsible for the regulation and supervision of capital markets in Nigeria?

Government

JAMB 2023

A. Nigerian Stock Exchange(NSE)
B. Securities and exchange commission(SEC)
C. Financial Reporting Council of Nigeria(FRCN)
D. Corporate Affairs Commission(CAC)

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Correct Answer: Option B

Explanation

The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is responsible for regulating and developing the Nigerian capital market. Its main function is to protect investors and ensure the integrity of the securities market.

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