This paper seeks to examine the impact of the Nigerian capital market on its economic growth from the period of 1990-2010. This means that the performance of the stock market is an impetus for economic growth and development. The economic growth was proxied by Gross Domestic Product (GDP) while the capital market variables considered include; Market Capitalization (MCAP), Total New Issues (TNI), Value of Transactions (VLT), and Total Listed Equities and Government Stocks (LEGS). Applying Joha...
The capital market in Nigeria had been influenced by various factors which are associated with the level of development of the Nigerian economy The paper discusses the development of the capital market with emphasis on the period since deregulation in 1986. The institutions that are crucial for the delivery of financial services in the market were analysed with focus on their evolution, performance and prospects. The. market in Nigeria was compared with other emerging markets with the concl...
The socio-political and economic world, as it exists and functions today, is increasingly shrinking and interconnecting itself into a globalized village; a veritable system or structure where all parts are assigned specific roles and functions to play. It is increasingly and absurdly metamorphosing into a major theater, where the actors are assigned, again, specific roles to play. The multiplier effects of this symbiosis are enormous as some had profited from this relationship, whilst other...
INTRODUCTION The growth and development of an economy, depends greatly on how the country’s capital market thrives. The capital market can be an important facilitator of economic growth (Applegarth, 2004). Osaze (2000) is of the view that the capital market drives any economy to growth and development because the long term growth capital formation stems from it. Economic growth in a modern economy hinges on an efficient financial sector that pools domestic savings and mobilizes foreign capi...