passwella.
Menu

JAMB Commerce 1994 Question 29

Question 29

Stock Exchange

The Second-Tier Securities Market is

  1. A.an appendage to the Nigerian Stock Exchange
  2. B.a member of the Nigerian Stock Exchange
  3. C.meant for the shares of the quoted private companies
  4. D.a regulating arm of the Nigerian Stock Exchange.
Show the answer and explanation

Answer: A (an appendage to the Nigerian Stock Exchange)

Explanation

The Second-Tier Securities Market is a section attached to the Nigerian Stock Exchange where smaller companies with lighter listing rules can raise capital.