Question on: SS3 Commerce - The historical development; 1946 (development loan stock first issue) 1960; Lagos stock exchange act- 1962, capital issue committee, 1979- capital issue commission

What was the purpose of the Lagos Stock Exchange Act enacted in 1960?

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A

To regulate the issuance of securities by companies

B

To establish a formal stock exchange in Nigeria

C

To promote fair practices in the capital market

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Correct Option: B

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