Private Placements as Sources of Long Term Funds for publicly quoted firms in the Nigerian Capital Market
AbstractPrivate placements are gradually becoming means of raising long-term funds in the Nigerian capital market by publicly quoted companies. These practices previously regarded as illegal gained renewed attention when the Securities and Exchange Commission (SEC) granted approval to some publicly quoted banks desirous of utilizing it in raising long term funds. This paper begins with a look at the Nigerian capital market. Thereafter, an overview of the concept of private placement is given to enable a better appreciation of its unique role in raising funds for organizations that are not publicly quoted in a registered stock exchange. It concludes with an exposition of the problems of allowing private placements for publicly quoted firms.
The copyright of this journal is owned by the International Association of African Researchers and Reviewers.
AFRREV IJAH: An International Journal of Arts and Humanities by International Association of African Researchers and Reviewers is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.