ABSTRACT
This study examined the impact of
Nigerian capital market on economic growth between 1980 to 2011. Data were
collected from Security and Exchange Commission reports, the Nigerian Stock
Exchange review reports, Central Bank of Nigerian Statistical Bulletin
respectively. It examined the challenges associated with the economic
development ofNigeria and the effective performance of the financial markets. A
brief history of the financial market was discussed, highlighting the
significant role they play in the economic development of Nigeria. Correlation
test was used to establish ifthere was a significant relationship between the
variables ofinterest. From the findings, the study ascertained the existence of
a positive significant relationship between the capital market activities
represented by the indicators and the Gross Domestic Product ofNigeria. The
study also revealed that the total market capitalization of the Nigerian
capital market has a significant positive relationship with Gross Domestic
Product ofNigeria. It was recommended that to compliment the role of the
capital market in capital formation, the government should supervise the
capital market to ensure orderly, fair and equitable dealings in shares and
stocks and to forestall illegal deals by privileged insiders at the expense
ofinnocent and often uninformed investors. Among others, government should put
up measures to build up investor’s confidence in the capital market by fair
transactions and disabuse the minds of investors from buying and hold
ofsecurities syndrome. A better understanding of capital market by people can
potentially lead to an increase in awareness on the issues and elimination
ofsharp practices and ultimately increase the investor base.
MADUAGUM, L (2023). Impact Of The Nigerian Capital Market On Economic Growth (1980-2011):- Maduagum, Obioma L.. Repository.mouau.edu.ng: Retrieved Dec 09, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-the-nigerian-capital-market-on-economic-growth-1980-2011-maduagum-obioma-l-7-2
LILIAN, MADUAGUM. "Impact Of The Nigerian Capital Market On Economic Growth (1980-2011):- Maduagum, Obioma L." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 08 Nov. 2023, https://repository.mouau.edu.ng/work/view/impact-of-the-nigerian-capital-market-on-economic-growth-1980-2011-maduagum-obioma-l-7-2. Accessed 09 Dec. 2024.
LILIAN, MADUAGUM. "Impact Of The Nigerian Capital Market On Economic Growth (1980-2011):- Maduagum, Obioma L.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 08 Nov. 2023. Web. 09 Dec. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-the-nigerian-capital-market-on-economic-growth-1980-2011-maduagum-obioma-l-7-2 >.
LILIAN, MADUAGUM. "Impact Of The Nigerian Capital Market On Economic Growth (1980-2011):- Maduagum, Obioma L." Repository.mouau.edu.ng (2023). Accessed 09 Dec. 2024. https://repository.mouau.edu.ng/work/view/impact-of-the-nigerian-capital-market-on-economic-growth-1980-2011-maduagum-obioma-l-7-2