Thesis Abstract

The historical background of the Nigeria Stock Exchange (NSE) plays a significant role in the economic development of Nigeria. This research delves into the evolution of the NSE from its inception to its current status as one of the largest stock exchanges in Africa. The establishment of the NSE in 1960 marked a crucial milestone in Nigeria's economic history, providing a platform for companies to raise capital through the issuance of stocks and bonds. The NSE has evolved over the decades, adapting to changes in the global financial landscape and implementing reforms to enhance transparency and investor confidence. The exchange has played a pivotal role in mobilizing savings and channeling funds to productive investments, thereby contributing to economic growth and development in Nigeria. By providing a platform for companies to access long-term financing, the NSE has supported the expansion of businesses, job creation, and overall economic prosperity. Furthermore, the NSE serves as a barometer for the Nigerian economy, reflecting investor sentiment and market trends. The performance of the stock market is closely linked to the overall economic conditions in the country, with bull and bear markets mirroring periods of economic growth and recession. As such, policymakers and economists often look to the NSE as an indicator of the health of the Nigerian economy. In addition to its role in capital formation and economic growth, the NSE plays a crucial role in promoting corporate governance and transparency in Nigeria. Listed companies are required to adhere to stringent disclosure and reporting standards, fostering accountability and investor trust. The NSE also serves as a platform for the trading of securities, providing liquidity to investors and enabling them to buy and sell financial assets efficiently. Overall, the historical background of the Nigeria Stock Exchange has been instrumental in shaping the economic development of Nigeria. By providing a platform for capital formation, promoting transparency and corporate governance, and serving as a barometer for the economy, the NSE has contributed significantly to Nigeria's growth trajectory. As the exchange continues to evolve and adapt to changing market conditions, its role in driving economic development in Nigeria is expected to remain pivotal in the years to come.

Thesis Overview