2 Thessalonians 3:10, ESV: “For even when we were with you, we would give you this command: If anyone is not willing to work, let him not eat.”
The most crucial role of any stock exchange in the world is to ensure a ready platform for the sale and purchase of securities, which gives investors the confidence that the existing investments can be converted into cash. In other words, stock exchanges offer liquidity in terms of investment. It is not a sin for a Christian to invest in securities unless he/she is knowingly investing in securities that emanate from a sinful business. Here are five interesting facts about the Nigerian Stock Exchange – www.nse.com.ng –
- The NSE was founded in the year of Nigeria’s independence (1960) and it is a registered company limited by guarantee and is licensed under the Companies and Allied Matters Act 2020, and the Investment and Securities Act.
- The NSE is regulated by the Securities and Exchange Commission (SEC) of Nigeria – sec.gov.ng
- The NSE acts as a primary and secondary capital market. A primary market is where new issues of security are made by the government and companies, while a secondary market is where existing securities are traded.
- The NSE is a three-tier market with big companies listed on the premium board while small and mid-size companies are listed on the Alternative Securities Market (ASeM).
- The NSE is a founding member and executive committee member of the African Securities Exchanges Association (ASEA) – african-exchanges.org, and an affiliate member of the World Federation of Exchanges (WFE) – www.world-exchanges.org, and an affiliate member of the International Organisation of Securities Commission (IOSCO) – www.iosco.org.
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