ABSTRACT Despite the numerous policies that have been set out over the years to tackle the hydra-headed problems of unemployment and poverty in Nigeria, not much progress has been made towards quelling the trend. Part of the reasons why these problems seem unsolvable is due to the fact that direction of causality between the two has not been ascertained in the light determination of policy direction. The main objective of this study, therefore, is to explore the direction of causality that ex...
Abstract Since the Nigerian stock exchange started its operations in 1961, it has not yet been able to attain efficiency as is the case in other countries and as such its inherent impact on capital formation in Nigeria has not been clear enough. The main objective of this study, therefore, is to explore the role of the stock exchange on capital formation in Nigeria. Time series data were applied in carrying out this research work, using the variables; Market Capitalization, New Issues of Inst...
