Which institution is responsible for the regulation and supervision of capital markets in Nigeria?
GOVERNMENT
JAMB 2023
Which institution is responsible for the regulation and supervision of capital markets in Nigeria?
- A. Nigerian Stock Exchange(NSE)
- B. Securities and exchange commission(SEC)
- C. Financial Reporting Council of Nigeria(FRCN)
- D. Corporate Affairs Commission(CAC)
Correct Answer: B. Securities and exchange commission(SEC)
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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