Introduction to Nigerian Capital Market

This introductory course provides a comprehensive roadmap for navigating the Nigerian Capital Market (NCM)
Market Purpose: Explains how the capital market transforms individual savings into productive national wealth through capital formation, wealth creation, liquidity, and price discovery.

Core Institutions: Outlines the roles of the SEC (apex regulator), NGX (trading exchange), and CSCS (clearing depository operating on a T+2 settlement cycle).

Capital vs. Money Market: Distinguishes short-term, low-risk liquidity tools (e.g., Treasury Bills) regulated by the CBN from long-term, higher-yielding growth assets (e.g., Equities, Bonds, Sukuk) regulated by the SEC.

Execution Process: Covers the 6-step practical roadmap to start investing—from selecting a SEC-registered broker and completing KYC requirements to CSCS account creation and trade execution.

Performance Tracking: Demystifies the NGX All-Share Index (ASI) and market capitalization as barometers for overall economic and market sentiment.

Pitfall Avoidance: Highlights critical mistakes for new investors to avoid, including penny stock bias, missing ex-dividend dates, inflation erosion, and emotional panic selling.