| Will more money by market operators help? |
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In April last year, the federal government had issued a directive that by December of this year, capital market operators, stockbroking firms, issuing houses, and registrars, should have a capital base not less than half a billion naira: registrars are to move from N50 million to N500 million, stockbroking firms from N70 million to N1 billion and issuing houses from N150 million to N2 billion. |