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The prospects for the development of securities exchanges in the continent are encouraging. In particular, persistent and high economic growth especially since 2001, the commodity price boom, macroeconomic stability, reduction in political instability and internal strife, conducive macroeconomic policies, and deepening regional economic integrations, anchor growth and maturity of securities exchanges in the continent.

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βˆ™ 6y ago
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βˆ™ 14y ago

prpblems of stock exchange market in Nigeria

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βˆ™ 10y ago

There are so many challenges facing the Nigerian stock exchange. Some of them include fluctuating stock prices and lack of proper awareness of stock exchange among citizens among others.

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Q: Give problems of Nigerian stock exchange?
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There are three basic ways to trade stocks. The first is investor-to-investor. I have a thousand shares of Coca-Cola and you want to buy 200 of those shares. Assuming I have certificates broken into 100-share lots, I will first figure out what the shares are worth (or what I would like to sell them for--there is NO law stating I can't take a stock that sells for $50 per share and sell it for $25), then give you a price. If you like it, you give me a check, I give you the certificate and we're good. The primary advantage is there's no brokerage fees. The primary disadvantage is I might not (and probably don't) have the shares you want. The second is to buy stock directly from the company who issued it. Here the major problem is, you already need to be a shareholder to do this and not all companies do it. The advantage of a stock exchange is it's got shares in many companies and it's easy to get the stock you want from them. The disadvantage is you have to be a brokerage to buy from a stock exchange; I can't just walk into the New York Stock Exchange and ask for a hundred shares of Pepsi. (Well, I COULD, but they'd tell me to go to my broker because it's not legal for an individual to buy directly from the exchange.)


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