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Question: walk me through your familiarity with Nigeria's financial market
I’m somewhat familiar with Nigeria’s financial market. Nigeria is the largest economy in Africa and the second largest market in sub-Saharan Africa. The Nigerian Stock Exchange (NSE) is the main stock exchange in Nigeria and was established in 1960. It has over 200 listed companies and over 6,700 subscribers who trade on the exchange. In addition to stocks, investors can also trade in bonds, mutual funds, and other financial products. As of 2019, the Nigerian financial market had a market capitalization of just over 3 trillion naira. The Nigerian Central Bank is responsible for regulating and supervising the banking sector and currency. The CBN also sets interest rates and manages monetary policy in order to maintain economic stability. Additionally, the Nigerian Securities and Exchange Commission regulates the capital market and provides guidelines for stockbrokers, dealers, and investors.
Feb. 2, 2023, 1:38 a.m.
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