Stock Exchange III
Commerce SSS3 First Term
WEEK 9
Stock Exchange III
Performance Objectives
The student should be able to:
1. List the bodies that can assess the capital market, public companies and government.
Content
Bodies that Can Assess the Capital Market
1. The Securities and Exchange Commission (SEC): This is the apex regulatory body for Nigeria’s capital market which operates under the supervision of the Federal Ministry of Finance. Securities and Exchange Commission was established in 1979 and has the following functions:
i. Valuation of shares
ii. Registration of Market operators
iii. Approval of shares allotment
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