A nation’s financial system is made up of the Money Market, Capital Market and the Insurance Market. While Central Bank of Nigeria serves as the apex regulatory organization of the Nigerian Money Market, the Securities and Exchange Commission (SEC) is the apex body of the Nigerian Capital Market, while the National Insurance Commission (NAICOM) regulates the Insurance Sector.
Capital Market, in simple terms, is a market for raising long-term funds. It is that segment of the financial market which represents the
intricate intermediation functions and processes of a network of individuals, institutions and financial instruments between the users and providers of long-term funds are mobilized and channeled into productive investments by the issuance of equities and interest
bearing securities. The market also provides.