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However, today the Exchange has developed a fairly good infrastructure, comprising six branches each with trading floor one hundred and forty (140) stock brokerage firms, over forty (40) merchant banks, many of them acting as issuing houses. It performs various functions, which comprises of assistance being given to companies to raise capital by helping to change their securities to cash. The valuation of shares, stocks and other securities, acting as a market for the selling of securities and the form of assistance being given to government in implementing its monetary policies.
Because of loyal administration bottleneck, it was noble to fulfill this role as envisaged, many reforms were developed to alleviate this bottlenecks of which the structural adjustment programme (SAP), commercialization and privatization programmes and others have been a sort of impetus to the efficiency of the capital market...
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