mikolo80:
nope Just a fellow Nigerian who has spent last 15 yrs thinking of how to develop our country without waiting for govt.

requirements for second tier market

cac registration
name and addresses of directors (basically your family members and rep of investors)
tax returns for 3 yrs (no be naija)
audited account for 3 yrs (you suppose get Padi wen study accounting)
company valuation(amount you want to raise) less than 300 m

for 3rd tier market however
it's 2 yrs account and tax info
and 200 m limit

I don't think we have serious investment bankers in Nigeria

mikolo80:
who has investments, bank or institutional investors

manie:



A professional shareholder MUST have investments in various sectors and asset classes.

manie:



Unfortunately there are no 2nd tier or 3rd tier markets again. What we had now is a market where unlisted securities can be traded over the counter.

http://nasdng.com/

mikolo80:
how many years? I dare you to answer that question. (you won't cos you're lazy mentally)

mikolo80:
o my lord. you don't even know q how sick exchange works yet you're arguing like say aruma oteh na your sugar mummy

it is the potential shareholders that will 'approve'so long as it's less than 300m. you better start using your net access to read more than u talk

mikolo80:
stop lying. 500 K to 5m is small business classification so micro would be 50 K and below

mikolo80:
nope Just a fellow Nigerian who has spent last 15 yrs thinking of how to develop our country without waiting for govt.

requirements for second tier market

cac registration
name and addresses of directors (basically your family members and rep of investors)
tax returns for 3 yrs (no be naija)
audited account for 3 yrs (you suppose get Padi wen study accounting)
company valuation(amount you want to raise) less than 300 m

for 3rd tier market however
it's 2 yrs account and tax info
and 200 m limit

I don't think we have serious investment bankers in Nigeria

mikolo80:
how many years? I dare you to answer that question. (you won't cos you're lazy mentally)

manie:



You can always get your point and message across without insults, that is an important attribute of a truly educated and an intelligent person.

manie:



If 2nd tier markets have a limit of N300million and 3rd tier markets have a limit of N200, you can see that there is no provision for micro and cottage businesses on the exchange.

As a matter of fact most of the companies in the 2nd and 3rd tiers have delisted, they could not meet up with the annaul requirements of the Nigeria Stock Exchange, and just 2 of them Cutix and one other company that I cannot remember the name now that later moved to the main tier of NSE.

manie:



Anything less than N5million are micro/cottage businesses, small and medium businesses are from N5 million to N500 million which was the classification made many years ago I guess during the time of Soludo

mikolo80:
my bad

5 ~small
50 ~medium
500~large

so in my view
.5~mini
.05 ~micro

mikolo80:
chairman, it says limit not ceiling. get it now. means you can not raise beyond 200.you can raise 2 m or even 500 K just not 200 m and 1 naira.(if I tell you you can't speak English now you'll get annoyed and say I insulted you while the lawyers use this same English is what the capitalists use to deceive illiterates (has nothing to do with schooling)

mikolo80:
my bad

5 ~small
50 ~medium
500~large

so in my view
.5~mini
.05 ~micro

mikolo80:
shiee, and na where I de Hope be dat. no wahala cooperative and partnersip de dia. even the main market na 5,5 yrs for tax and account so all na patience. all our farmers need is education from finance experts but I think I'm the only one interested in agric

manie:



Where will you raise N2million in the capital market, what you read in textbook is quite different from what is obtainable in the market place. If a business wants to raise N2million in the capital market, how much will the company pay to SEC, NSE, Issuing house, Stockbrokers to the offer, Lawyers to the offer, Reporting accountant.
Stock Exchange is not for such small funds my bro.

manie:




The broad classification by CBN and NASME for Small and Medium Enterprise is N5million to N500million, a N500 million cannot be seen as large. What category will you put a company like Zenith that made an audited profit of N33 billion in 6 months.

manie:


There lot of companies with interest in Agriculture, unfortunately most of the companies making billions of Naira as profits from Agriculture in Nigeria are owned by foreigners.
I think our farmers need to be educated and equipped on how to grow their agric-businesses from the subsistence level to real commercial level where mega bucks can be made.

manie:


There lot of companies with interest in Agriculture, unfortunately most of the companies making billions of Naira as profits from Agriculture in Nigeria are owned by foreigners.
I think our farmers need to be educated and equipped on how to grow their agric-businesses from the subsistence level to real commercial level where mega bucks can be made.

manie:


There lot of companies with interest in Agriculture, unfortunately most of the companies making billions of Naira as profits from Agriculture in Nigeria are owned by foreigners.
I think our farmers need to be educated and equipped on how to grow their agric-businesses from the subsistence level to real commercial level where mega bucks can be made.

mikolo80:
nope Just a fellow Nigerian who has spent last 15 yrs thinking of how to develop our country without waiting for govt.

requirements for second tier market

cac registration
name and addresses of directors (basically your family members and rep of investors)
tax returns for 3 yrs (no be naija)
audited account for 3 yrs (you suppose get Padi wen study accounting) thanks. Useful info
company valuation(amount you want to raise) less than 300 m

for 3rd tier market however
it's 2 yrs account and tax info
and 200 m limit

I don't think we have serious investment bankers in Nigeria