What is the current structure of the Nigeria capital market?

Furthermore, the capital market in Nigeria is the market for long-term debt and equity. It is made up of four submarkets: the primary market, the secondary market, the derivative market, and the bond market. The primary market is a public sale of new securities for the first time.

How does Nigeria stock exchange operate?

It operates on what we call an Automated Trading System (ATS), which is a computer program. This allows for an effective trading platform. This platform allows the coming together of individuals and institutional investors for the sole purpose of trading.

Is Nigerian Stock Exchange a primary market?

Stock Markets 101 They have evolved as a primary means for companies to raise capital by selling shares of themselves. When you buy a share in Zenith Bank, you become a part-owner, and this status bequeaths you a claim on the bank’s future profits.

How many branches does the Nigerian Stock Exchange have?

Currently There are 13 Branches of the NSE located in the following states : Abuja,Kaduna, Port Harcourt, Kano , Onitsha , Ibadan, Yola, Benin, Uyo, Ilorin,Abeokuta, Owerri, and Bauchi.

What is the structure of capital market?

Structure of Capital Market The Capital Market is divided into: Primary Market: It deals with new or fresh issues of securities, and therefore it is also known as new issue market. Secondary Market: It provides a place for purchase and sale of existing securities and is often termed as stock market or stock exchange.

What is primary market and secondary market?

The primary market is where securities are created, while the secondary market is where those securities are traded by investors. In the primary market, companies sell new stocks and bonds to the public for the first time, such as with an initial public offering (IPO).

Who owns the Nigerian Stock Exchange?

Nigerian Stock Exchange Ltd
Nigerian Exchange Group

Type Stock exchange
Owner Nigerian Stock Exchange Ltd
Key people Oscar N. Onyema
Currency Naira (₦)
No. of listings 328

How does NSE operate?

NSE operates on the ‘National Exchange for Automated Trading’ (NEAT+) system, a fully automated screen based trading system, which adopts the principle of an order driven market. NSE consciously opted in favour of an order driven system as opposed to a quote driven system.

What is primary and secondary market?

What are examples of secondary markets?

Examples of popular secondary markets are the National Stock Exchange (NSE), the New York Stock Exchange (NYSE), the NASDAQ, and the London Stock Exchange (LSE).