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

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Insider trading has been understood to the act of dealing in unpublished price sensitive information and it is seen to go against the principle of equal access to information.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.

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