The body with the responsibility to register shares for subscription on the stoc...
The body with the responsibility to register shares for subscription on the stock market in Nigeria is the?
The correct answer is A.
The question is asking about the organization in Nigeria that is responsible for registering shares for subscription on the stock market.
The correct answer is Option A: Securities and Exchange Commission.
The Securities and Exchange Commission, also known as SEC, is the regulatory body in Nigeria that oversees the activities of the capital market. One of its roles is to ensure that companies comply with the registration requirements before their shares can be traded on the stock market. This includes reviewing the company's financial statements, disclosure documents, and other relevant information to protect investors and maintain the integrity of the market.
Option B: Nigerian Stock Exchange is not the correct answer for this question. The Nigerian Stock Exchange is the stock exchange in Nigeria where shares of publicly traded companies are bought and sold. While the Nigerian Stock Exchange plays a crucial role in facilitating the trading of shares, it is not responsible for registering shares for subscription.
Option C: Nigerian Deposit Insurance Company is also not the correct answer. The Nigerian Deposit Insurance Company is a government agency that provides deposit insurance coverage for depositors in Nigerian banks. Its role is to protect depositors in the event of bank failure, and it is not involved in the registration of shares on the stock market.
Option D: Central Bank of Nigeria is not the correct answer either. The Central Bank of Nigeria is the country's central banking institution responsible for monetary policy and financial stability. It does not have the specific mandate to register shares for subscription on the stock market.
In conclusion, the correct answer to the question is Option A: Securities and Exchange Commission. The SEC is the body in Nigeria that is responsible for registering shares for subscription on the stock market.
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