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What is a quoted company and how does it differ... - SS2 Accounting Quoted Companies: Definition, Features, And Examples Question

What is a quoted company and how does it differ from a private company?

A quoted company is a business that has issued shares of stock to the public and is traded on a stock exchange. It is required to follow strict reporting and disclosure requirements and is subject to regulation by the Nigerian Stock Exchange and the Securities and Exchange Commission. In contrast, a private company is owned by a small group of shareholders and is not publicly traded on a stock exchange.

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