The Capital Market And It’s Impact On The Nigeria Economy With Particular Emphasis On The Stock Exchange.

 

The purpose of this study is aimed towards the impact of stock exchange in the Nigeria economy.

In other words, the development of the economy cannot be ensured if the market itself is not well developed.

 In the same vain to spotlight factors that contribute to the gradual growth of stock exchange are the government policy and operation of the Central Bank before the exchange was established.  They facilitate the issuing of securities.

 I have made an attempt through questionnaire and interviews to know if the stock exchange is not intensive  because most individual are ignorant and also the underdevelopment of stock exchange is not intensive because most individual are ignorant and also the under-development of stock exchange.

 After careful analysis of answers from the respondents, I found out that, it was noticed that despite the shortcomings found existing in the stock exchange, it’s creation was necessary and it has added value to the economy of the country and also under development was due to pricing policy by the government, communication system, cast of registering, level of literacy in the country and information made available to the public.  Based on the constraint, some recommendation’s were however made by the research such as arranging  more seminars and symposium to enlighten people. The computer system which is being installed should be done in full measure and not half measure.

 From this the stock exchange can help in developing the economy only if the stock exchange is well handled by the economy.

TITLE PAGE

DEDICATION

ACKNOWLEDGEMENT

ABSTRACT

TABLE OF CONTENT

CHAPTER ONE

1.1 INTRODUCTION

1.2 PROBLEM STATEMTN

1.3 OBJECTIVES OF STUDY

1.4 SIGNIFICANCE OF THE STUDY

1.5 SCOPE OF STUDY

1.6 TEST OF HYPOTHESIS

1.7 DEFINITION OF TERMS

CHAPTER TWO

2.1 A BRIEF OF OVERVIEW ON THE CAPITAL

2.2 THE STOCK EXCAHNGE – DEFINITION

2.3 ESTABLISHMENT AND CONSTITUTION

2.4 DEVELOPMENT AND GROWTH

2.5 FUNCTIONS AND IMPORTANCE OF THE EXCAHNGE

2.6 SECURITIES AND EXCAHNGE COMMISSION ANDITS ROLE/FUNCTIONS IN THE EXCHANGE

2.7 THE SECOND-TIER AND FIRST-TIER SECURITY MARKET AND THE EXCHANGE

2.8 STRUCTURE ADJUSTMENT PROGRAMME

2.9 THE STOCK EXCHANGE IN OPERATION

2.9 A IN THE PRIMARY MARKET

2.9 B IN THE SECONDARY MARKET

2.10 CRITICAL EVALUATION OF THE STOCK EXCAHNGE

2.11 PROBLEMS ASSOCIATED WITH THE EXCHANGE

CHAPTER THREE - RESEARCH METHODOLOGY

3.1 PRIMARY DATA

3.2 SECONDARY DATA

3.3 SAMPLING METHOD

3.4 DATA ANALYSIS

CHAPTER FOUR – ANALYSIS AND PRESENTATION OF DATA ARISING

4.1 QUESTIONNAIRE

4.2 INTERVIEW

CHAPTER FIVE – CONCLUSION, RECOMMENDATION AND

FINDINGS

CONCLUSION AND ITS RELEVANCE

RECOMMENDATIONS

FINAL CONCLUSION

BIBLIOGRAPHY

APPENDIX

The stock market commonly known as the stock exchange is

encompassed in the capital market.

 It can be described as a place where savers and investors are brought together to trade on securities and sources of finance.  It has basically, the same functions as any other financially institution which comprises the financial system.

 The stock exchange plays an important role in the development of our economy.  A developed financial system they say is a developed economy.  The primary aim of every nation I believe is to improve the standard of living existing in the country.  How does this need relate to the stock exchange and its activities? Has it been successful in this particular area? It should be borne in mind through that the economy of any country is a very complex issue especially in the case of Nigeria.  Since its establishment which was necessary due to same pressing factors, the economy has undergone a lot of drastic changes.

 As will be discussed later, the impact of the stock exchange in the business world of Nigeria has in some way benefited the country.  Whether it has done so successfully or not will be determined not just over its short history but also in the future years to come.

 Although other means of raising funds exists, the stock exchange no doubt adds more sophistication and thus efficiency which is necessary for every developing country in this case Nigeria. 

 The project has been embarked on mainly to give a general idea on the life of the exchange and its operation.  It also hopes to point out certain deficiencies associated with it and the viewpoint of different individuals, firms and companies on it.  In doing so, this project has been divided into different chapters, each discussing a vital point or aspect.

 This first chapter centers mainly on the purpose of this study, it’s objectives, significance and limitations associated with it.  It will help to highlight certain problems relating to the exchange and its use.

 The next chapter is just a simple discussion the stock exchange.  It is the literature review of this project.  It tells us what different author’s have said in relation tot his topic and also their point of view on this topic.

 Chapter 3 is a brief narration on how the research on this project has been carried out, the difficulties encountered and what type of facts and sampling I have based this project on.

 The last two chapters on the other hand is detailed analysis on this project.  It is the main basis on which this project falls on.  Date analyzed here  are data got from the general public form this I was able to draw some conclusions and deduce certain facts which have all been summarized in the last chapter.

 Various means have been embarked on to make this project possible.  It has been worthwhile through because as a friend put it, no person can hope to carry out an effective, influential and flourishing business if he is not well versed on the financial market.