The Abuja Stock And Commodity Exchange - SS2 Accounting Lesson Note

Change Class & Subject Change Lesson Topic

The Abuja Securities and Commodity Exchange (ASCE) is a market where investors can buy and sell securities and commodities in Nigeria. The exchange provides a platform for companies to raise funds by selling shares of their stock to investors, while also allowing investors to buy and sell those shares for a profit.

Features of the Abuja stock and commodity exchange

Some features of the Abuja stock and commodity exchange include:

Trading Platform: The ASCE operates an electronic trading platform that allows for transparent and efficient trading of securities and commodities.
Commodity Trading: The ASCE allows for the trading of commodities such as agricultural products, minerals, and oil.
Market Indices: The ASCE has several market indices, including the ASCE All-Share Index, which tracks the performance of all listed companies on the exchange.
Listing Requirements: Companies must meet certain requirements to be listed on the ASCE. These include financial stability, profitability, and transparency.
Regulatory Framework: The ASCE is regulated by the Securities and Exchange Commission (SEC) to ensure that all trading on the exchange is fair and transparent.

Chat with EduPadi AI about this lesson