Nigeria Stock Exchange

The Nigerian Stock Exchange was completed in 1960 as the Lagos Stock Exchange. In December 1977 it became The Nigerian Stock Exchange, with assortes established in some of the major commercial cities of the country. At present, on that point are six branches of The Nigerian Stock Exchange. Each branch has a trading floor. The branch in Lagos was opened in 1961; Kaduna, 1978; Port Harcourt, 1980; Kano, 1989; Onitsha, February 1990; and Ibadan August 1990; Abuja, October 1999 and Yola, April 2002. Lagos is the Head Office of The Exchange. An office has vindicatory been opened in Abuja. The Exchange started operations in 1961 with 19 securities listed for trading. Today there are 262 securities listed on The Exchange, made up of 11 Government Stocks, 49 Industrial Loan (Debenture/Preference) Stocks and 194 candor / Ordinary Shares of Companies, all with a total merchandise capitalisation of approximately N287.0 billion, as at August 31, 1999.   Most of the listed companies film foreign/multinational affiliations and represent a cross-section the economy, ranging from floriculture through manufacturing to services.

 The market has in place a tested network of Stockbrokerage Firms, Issuing Houses (Merchant Banks), practicing corporate law firms and over 50 quality firms of auditors and reporting accountants ( nigh with international links). The Stock Exchange and most of the nations linage broking firms and issuing houses are staffed with germinal financial engineers that can compete anywhere in the World. Therefore, the market has in place a network of intermediating organizations that can effectively and creditably meet the challenges and growing needs of investors in Nigerian.  haleness: is the watch excogitate of The Stock Exchange. Market operators subscribe to the code Our word is our bond. Thus, public trust in the Nigerian stock market has grown tremendously, with about three million single investors and hundreds of institutional investors (including foreigners who own about 47% of... If you want to perk up a full essay, order it on our website: Orderessay

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