What is the second tier security market?
What is the second tier security market?
A second-tier security market is a market where securities of companies that cannot be traded in the first-tier security market are quoted.
What was the main reason for the establishment of second tier security market?
Second tier security market is an appendage of stock exchange; all therefore serve to assist it but it is less restricted to some extent. The market provides opportunity of buying and selling of share of companies. It is an avenue for companies and investors to raise more capital.
Who is the second tier securities market to cater for?
A second market established by The Stock Exchange in Lagos in 1985 to list the securities of smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange.
What is first tier and second tier?
In reference to business, the terms Tier 1 and Tier 2 usually refer to the manufacturing industry. The relationship between the original equipment manufacturer (OEM) and its tiers is crucial to the goal of creating, and in some cases, selling its products.
What are the advantages of second tier security market to companies?
It assists and compliments the efforts of the stock exchange market by buying/ selling the shares of companies which cannot be traded on the stock exchange market. iii. It ensures the survival and development of companies without fear of liquidation in the short run.
What is a first tier security market?
The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. The First-Tier markets are for well established large scale. companies. The minimum capital issued in this market is N1 million.
What are the listing requirements for the first tier under secondary market?
Companies applying to list on the First Tier Market must have a minimum of 100 shareholders, while companies applying to list on the Second Tier Market must have a minimum of 51 shareholders.
What is secondary tier?
second-tier in British English (ˌsɛkəndˈtɪə ) adjective. not in the first rank. The jockey was a second-tier rider who had to box in order to get enough money to eat. second-tier ports like Rotterdam and Kao-hsiung, Taiwan.
What is first tier security market?