Capital Market Transaction Overview

20 CONCLUSION 25 The lack of an advanced and vibrant capital market can lead to underutilization of financial resources. A developed capital market provides access to foreign capital for the domestic industry. Thus Capital Markets definitely plays a constructive role in the overall development of an economy. Chaka becomes the first to obtain the digital sub-broker license introduced by SEC in April .Its app holds over 4000 stocks of publicly traded companies in Nigeria and the US. It provides borderless investing for users. SEC now open to foreign companies who want to have a digital presence in Nigeria. Sub-license for digital platforms involves a minimum capital of 10- million Naira. 2,47

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