THE EFFECT OF CENTRAL SECURITIES CLEARING SYSTEM (CSCS) ON THE NIGERIA CAPITAL MARKET
CHAPTER ONE 1.1 BACKGROUND OF STUDY 1.2 STATEMENT OF PROBLEM One of the functions of the Central Securities Clearing System is certificate dematerialization but most investors are not aware of the operations of the CSCS nor of the facility as they prefer to keep the paper certificate. From January 1, 2009, investors shares were being lodged directly online with the CSCS. Prior to this new directive, the following problems were ...
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