Which institution is responsible for the regulation and supe…

JAMB Government 2023 56 views

Which institution is responsible for the regulation and supervision of capital markets in Nigeria?

  1. Securities and exchange commission(SEC) ✓
  2. Nigerian Stock Exchange(NSE)
  3. Financial Reporting Council of Nigeria(FRCN)
  4. Corporate Affairs Commission(CAC)

Explanation

The Securities and Exchange Commission regulates Nigeria’s capital market. SEC makes sure the stock market operates fairly and protects investors.

NSE is the stock exchange itself, not the regulator. FRCN handles accounting standards, and CAC registers companies.

SEC supervision helps prevent fraud and keeps the capital market trustworthy.

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