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JAMB Economics 2005 Question 5

Question 5

Financial Institutions

The regulatory authority of the capital market in Nigeria is the

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

Answer: B (Securities and Exchange Commission)

Explanation

The Securities and Exchange Commission (SEC) regulates and supervises Nigeria's capital market.