A prerequisite for admission into the Second Tier Securities Market is for a company to?
make 20% of its equity share available to the public for subscription
have a minimum of 100 shareholders
have a maximum of 100 shareholders
make 10% of its equity share available to the public for subscription
Correct answer is B
Second-Tier Securities Market (SSM); A second market established by The Stock Exchange in Lagos in 1985 to list the securities of smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange.
Requirements for trading in a second-tier security market