ABSTRACT
The purpose of this study was to evaluate the impact of Nigerian Stock Exchange on the development of the economy. The quasi-experimental research design was adopted on collecting data for the study. While data was sourced from publications of the Nigeria Stock Exchange and the Central Bank of Nigeria, multiple regression analysis was used as the method of data analysis. The study revealed among other things; that Nigerian Stock Exchange contributes positively to the growth and development of the economy. Based on the foregoing, the following recommendations were put forward; the Nigeria stock exchange should educate the public on the use of capital market as a means of investment through seminars, radio and television broadcast and the benefit of investing through the stock market. Further, the trade alert system recently introduced should be strengthened to prevent the public from fraudulent practices by participants.
INTRODUCTION
............ The capital market is for the mobilization and utilization of long-term funds for development (Anyanwu 1997). According to Ekezie 92002) the capital market is the market for dealings, "(i.e. lending and borrowing) in long-term loanable funds". 'Olowe (1998) simply asserts that the capital market is the market for long term funds. The lCAN study pack on strategic financial management (2006) referred capital markets as the institutions, structures and mechanism whereby medium term (loans of up to 10 year maturity) and long term funds (longer maturity loans and corporate stock) are pooled and made available to business, government and individuals.
The instruments traded on the capital market include stocks, corporate bonds, government securities and mortgage loans etc. The Nigeria stock exchange is a market where those who wish to buy or sell shares, government bonds, stocks debentures and other approved securities can do so through its member (stock brokers). It was established as the Lagos exchange on 1st June 1960 and was later incorporated as a non-profit organization under the companies Act Cap 37 on September 15, 1960.
This allows existing holders of financial claims to sell them to other investors or buy from other investors as the case may be. We also have the primary market that is responsible for the issuance of new securities. The mode of offer for securities traded in this market includes, offer for subscription, right issues, offer for sale and private placement. The securities and exchange (SEC) acted as the issues market prior to 1992. ...............
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CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 PURPOSE OF THE STUDY
1.4 RESEARCH QUESTION
1.5 RESEARCH HYPOTHESES
1.6 SIGNIFICANCE OF THE STUDY
1.7 SCOPE OF THE STUDY
1.8 LIMITATIONS OF THE STUDY
1.9 DEFINITIONS OF TERMS
1.10 ORGANIZATION OF THE STUDY
REFERENCES
CHAPTER TWO: LITERATURE REVIEW
2.1 INTRODUCTION
2.2 CONCEPT OF MARKET, CAPITAL MARKET AND NIGERIAN STOCK EXCHANGE
2.3 HISTORY OF THE NIGERIAN STOCK EXCHANGE
2.4 FUNCTIONS OF THE NIGERIAN STOCK EXCHANGE
2.5 LISTING REQUIREMENT OF THE EXCHANGE
2.5.1 THE SECOND TIER OF THE SECURITY MARKET
2.6. DEALING ON THE NIGERIAN STOCK EXCHANGE
2.7 RULES AND REGULATIONS GOVERNING THE MEMBERS OF THE EXCHANGE
2.8 SOME HIGHLIGHTS OF HOW THE NIGERIAN STOCK EXCHANGE FARED BETWEEN 2006 AND 2008
2.9 TRENDS IN THE NIGERIA STOCK MARKET
2.10 THE STRUCTURE OF THE NIGERIAN ECONOMY
2.11 RESULT OF A PREVIOUS STUDY ON THE EXCHANGE
2.12 OTHER DEVELOPMENT STRIDES OF THE EXCHANGE
CHAPTER THREE: RESEARCH METHODOLOGY
3. 1 INTRODUCTION
3.2 RESEARCH DESIGN
3.3 SAMPLING PROCEDURE AND SAMPLE DETERMINATION
3.4 DATA COLLECTION METHOD
3.5 OPERATIONAL MEASURE OF VARIABLES
REFERENCES
CHAPTER FOUR: DATA PRESENTATION AND DISCUSSION ANALYSIS
4.1 INTRODUCTION
4.2 D AT A PRESENTATION
4.3 DATA ANALYSIS
CHAPTER FIVE: DISCUSSION, CONCLUSION AND RECOMMENDATION
5.1 INTRODUCTION
5.2 DISCUSSION OF FINDINGS
5.3 CONCLUSION
5.4 RECOMMENDATIONS
BIBLIOGRAPHY
Reference code: c006
Reference code: c006
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74 Pages
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