(From The News (Nigeria) - AAGM)
Byline: Abdulateef Ottan& Sidney Osaebu
On the Nigerian Stock Exchange, there are the major players and there are mere laggards. The top 20 are simply soar-away leaders The capital market is a sub-sector of the nation's economy that acts as a catalyst in ensuring the rapid growth of industries. It provides long-term funds for big, small and medium size companies to thrive and expand their operations. While the Securities and Exchange Commission, SEC, acts as the capital market regulatory authority, the Nigerian Stock Exchange, NSE, established in 1961, provides a market where stocks of quoted companies are traded on daily basis on the floors of the exchange.
Numerous companies in sectors that cut across banking, building, construction, food/beverages and tobacco, insurance and petroleum marketing, among others, have sourced for funds from the market to grow their businesses.
Both corporate bodies and individuals reap huge financial benefits from the market through shares …