Book Description

This book is an insightful compendium on the financial market operations and practice with a special focus on the capital market in Nigeria. The textbook delved into the background history of financial intermediation and contains a detailed review of the Nigerian financial market, post-independence in 1960 till 2020. It also serves as a practical guidebook for intending operators, practitioners and other participants in the market. The 20-chapter book has useful integrated applied information for financial engineers, regulators, formal sector players, proprietors, entrepreneurs, investors and company executives on the opportunities that abound for them in the financial market with the associated responsibilities and challenges. The introductory section one provides an incisive overview of the world of financial intermediary services, while section two addresses the theory and practice of financial market operations. The book articulates functions of the professional parties that are relevant to typical market issues in an emerging and developing markets. Thus, fund managers, investment bankers, stockbrokers, registrars, solicitors, trustees, management consultants and accountants who are often faced with professional callings in the financial market would also find section two of the guidebook useful. Likewise, state government officials and federal government technocrats that are confronted with the problems of how to fund capital projects will find the guidebook very resourceful. Sections two and four would enable them to understand the step-by-step for long-term capital raising alternatives available to productive government capital projects and general infrastructures in an organised stock market by exploring various financial market instruments and integrated capital market product derivatives. Of course, the owners and managers of private sector companies with growth potentials would find the book useful. Professionals pursuing career in the capital market would also find the book functional, while individuals aspiring to be stockbrokers, companies seeking quotation on the Nigerian Stock Exchange or prospecting to register as capital market operators would benefit from reading the guidebook. Furthermore, the book is handy to enhance and facilitate the induction programme for new employees of the financial market operators. Students of accounting, banking, economics, finance and law would find the book very relevant because of its practical approach to financial intermediation and practice in Nigeria, particularly in the capital and money markets. The glossary of financial market terms was well researched and quite educative which makes it useful to all and sundry.The author dedicated few pages for integrated financial market photo story in which he participated between 1990 and 2020. Some of the pictures are vintage and say a lot about the perspective and visionary author. with a distinct foresight. Some of the best moments of the Capital Market Roundtable which the author convened in August 2008 featured in the book. Extracts of the informed deliberations and unique thoughts espoused by the brilliant, frontline and vibrant professionals in the Nigerian capital market constitute the last section of this special publication.Essentially, this book is loaded with phenomenal operational information that are difficult to find in the most detailed manuals and templates of active capital market operators. The robust directory and index at the back of the book complement the one-stop-book for all ranks of participants in the capital market. This makes the special publication a unique compendium that will feed a variety of appetites, a collectors' item and a must have book for all parties concerned in the relevant constituencies.