Nigeria: FMDQ OTC and Future of the Capital Market

6 November 2013
opinion

Eromosele Abiodun writes that the establishment of FMDQ OTC Plc, which would bring the number of exchanges in the country to four, will transform the Nigerian financial market and enhance the nation's quest to become the financial hub of the region The capital market is the live wire of any economy.

Without it, there can be no development. This is because contemporary economic doctrine states that the economic wellbeing of a society is predicated not merely on national output growth, but more importantly, on the state of development of its social and economic infrastructure, which directly impacts the living standard and life expectancy of the populace.

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