CHAPTER ONE

INTRODUCTION

The Nigerian Stock Exchange act as centre of the Nigerian Capital market. This market was established in 1960 and was expected to help in the mobilization of funds for capital development within the public and private sector of the economy. The Exchange began operation in 1961 with a trading floor in Lagos and only nineteen securities worth about N8 million. However, today the Exchange has developed a fairly good infrastructure, comprising six branches each with trading floor one hundred and forty (140) stock brokerage firms, over forty (40) merchant banks, many of them acting as issuing houses. It performs various functions, which comprises of assistance being given to companies to raise capital by helping to change their securities to cash. The valuation of shares, stocks and other securities, acting as a market for the selling of securities and the form of assistance being given to government in implementing its monetary policies.

Because of......

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Title: Impact Of Trading Floors Of Stock Echanges On Development
Approximate Word Count: 8493
Approximate Pages: 34 (250 words per double-spaced page)

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