CRITICAL APPRAISAL OF THE CONCEPT OF INSIDER TRADING UNDER NIGERIAN COMPANY LAW

ABSTRACT

Insider trading has been understood to the act of dealing in unpublished price sensitive information and it is seen to go against the principle of equal access to information. This work made an unfair appraisal of the concept of insider trading in Nigeria in the course of the work. The origin of inside trading regulation was examined and a cursory literature review of the concept of insider trading was made. In the courses of examine the overview of this concept, the argument both for and against the prohibition of insider trading was made. This study paid primary attention to the prohibition of regulation of this concept in Nigeria from its conception to date. A look was taken at the regulation of the concept in some other jurisdiction and finally some recommendations were made.   

 

TABLE OF CONTENT

Tittle Page

Certification

Approval Page

Dedication

Acknowledgements

Abstract

Table Of Content

Table Of Cases

Table Of Statutes

 

CHAPTER ONE

1.0 Introduction

1.1 Background

1.2 Statement Of The Problem

1.3 Research Question

1.4 Aims And Objectives Of The Study

1.5 Research Method

1.6 Significant Of The Study

1.7 Limitation And Scope Of The Study

1.8 Definition Of Terms  

1.9 Literature Review

 

CHAPTER TWO

AN OVERVIEW OF INSIDER TRADING

2.0 `Introduction

2.1 Fairness And Equality Of Information

2.2 Insider Trading As A Means Of Compensation

2.3 Optimal Or Timely Disclosure

2.4 `Market Efficiency

2.5 Protection Of Investor Confidence

2.6 Fiduciary Relationship

2.7 Misappropriation Theory

 

CHAPTER THREE

THE REGULATION OF INSIDER TRADING IN NIGERIA

3.1 Other Institutions Regulating Insider Trading

3.2 Companies And Allied Matters Act

3.3 The Investiment And Security Act 2007

 

CHAPTER FOUR

A COMPARATIVE ANALYSIS OF THE CONCEPT OF INSIDER TRADING IN NIGERIA WITH SOME OTHER JURISDICTIONS

4.1 United States Insider Trading Law

4.2 United Kingdom Insider Trading Law

4.3 A Comparison Of Insider Trading Regulation In Us, Uk And Nigeria

 

CHAPTER FIVE

CONCLUSION AND RECOMMENDATION

5.1 Conclusion

5.2 Recommendation

References