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WAEC Commerce 1996 Question 30

Question 30

Stock Exchange

Which of the following regulates and controls the activities of the Nigerian Stock Exchange?

  1. A.The Nigerian Capital Market Association
  2. B.The Securities and Exchange Commission
  3. C.The Nigerian Deposit Insurance Commission
  4. D.The Nigerian Reinsurance Corporation
  5. E.The Central Bank of Nigeria.
Show the answer and explanation

Answer: B (The Securities and Exchange Commission)

Explanation

The Securities and Exchange Commission regulates the capital market.