Tax Management in Nigeria

Topics: Stock, Stock market, Finance Pages: 3 (994 words) Published: March 2, 2014
As the global crisis deepened, the foreign investors decided to exit the Nigerian capital market, by off loading their large volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part of the retail investors they could not catch in to take profit as share certificates were not being issued promptly and the process of certificate verification at the Registrars offices took so long to be completed. Since the retail investor could not exit and there were no willing buyers, share prices across the market started plummeting. Very many investors lost out as the good fortune which they saw passed them by. The activities above led to the investigation, of the Stock Exchange, Capital Market Operators, some Issuers of Securities and the companies whose shares started rising when there were no fundamentals to support them.As the global crisis deepened, the foreign investors decided to exit the Nigerian capital market, by off loading their large volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part of the retail investors they could not catch in to take profit as share certificates were not being issued promptly and the process of certificate verification at the Registrars offices took so long to be completed. Since the retail investor could not exit and there were no willing buyers, share prices across the market started plummeting. Very many investors lost out as the good fortune which they saw passed them by. The activities above led to the investigation, of the Stock Exchange, Capital Market Operators, some Issuers of Securities and the companies whose shares started rising when there were no fundamentals to support them.As the global crisis deepened, the foreign investors decided to exit the Nigerian capital market, by off loading their large volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Management
  • management Essay
  • Management Research Paper
  • management Essay
  • Essay about MANAGEMENT OF BUSINESS
  • Tax Avoidance and Tax Evasion Essay
  • Essay on Tax Management
  • Operations management Essay

Become a StudyMode Member

Sign Up - It's Free