FAQ Page

A Stock Exchange provides a market, which facilitates the buying, and selling of securities like shares of quoted companies, bonds, options, futures and other tradable instruments.

SEC is the apex regulatory institution of the Nigerian Capital Market with the basic objectives of investors protection and capital market development towards enhanced socio-economic growth and development.

CSCS is an acronym for Central Securities Clearing System Limited. It is a limited liability company which was incorporated by the Corporate Affairs Commission. It was licensed by the Securities and Exchange Commission as an Agent for Central Depository, Clearing and Settlement of transactions in the stock market. It operates a computerized depository, clearing settlement and delivery system for transactions in shares listed on The Nigerian Stock Exchange.
CSCS facilitates the delivery (transfer of shares from seller to buyer) and settlement (payment of bought shares) of securities transacted on the floors of The Nigerian Stock Exchange. It enables stocks to be processed in an electronic book-entry form thereby substantially reducing the period it takes a transaction to commence and end.

The primary market is that part of the capital markets that deals with the issuance of new securities. Companies, governments or public sector institutions can obtain funding through the sale of a new stock or bond issue. The primary markets are where investors can get new securities issuance. The issuing company or group receives cash proceeds from the sale, which is then used to fund operations or expand the businesses by the Company.

The secondary market is the financial market where previously issued securities and financial instruments such as stock, bonds, options, and futures are bought and sold. Example in Nigeria is the Nigerian Stock Exchange. This is the market for trading (buying/selling) of securities already listed on an Exchange.

Individual, Minor, Joint or Corporate