The Nigerian Stock Exchange and the Economy

The Nigerian Stock Exchange and the Economy

The Nigerian Stock Exchange – Different opinions have been expressed about what stock exchange (S.E) is, it has form time been referred to as the source of capital for business expansion. During the war between France and England, there was much devastation of the British economy that it couldn’t finance Merchant trade. As a result of this and the intention to spread the risk arising from the attack of British ships by pirates, there was need to mobilize capital to finance trade since direct financing was not enough to sustain the trade levels , and the remedy was the creation of a formal market. The market on which money is provided. [Read more…]