This publication is a part of the Investor Education Publication Series to highlight the fifty years of capital market regulation in Nigeria. The Securities and Exchange Commission (SEC) believes that the best regulation is the presence of a well-informed investing public. The purpose of this publication is to provide investors with better understanding of the operations of the capital market to enable wise investment decisions. This publication has been simplified and symbols used for easy understanding. In addition, frequently asked questions have been selected and answered in simple and readable form.