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JAMB Commerce 2003 Question 44

Question 44

Stock Exchange

The body charged with the responsibility to register shares for subscription on the stock market in Nigeria is the

  1. A.Securities and Exchange Commission
  2. B.Nigerian Stock Exchange
  3. C.Nigerian Deposit Insurance Company
  4. D.Central Bank of Nigeria.
Show the answer and explanation

Answer: A (Securities and Exchange Commission)

Explanation

The Securities and Exchange Commission registers securities before they are offered to the public.