Thesis Abstract

A nation’s financial system is made up of the Money Market, Capital

Market and the Insurance Market. While Central Bank of Nigeria

serves as the apex regulatory organization of the Nigerian Money

Market, the Securities and Exchange Commission (SEC) is the apex

regulatory body of the Nigerian Capital Market, while the National

Insurance Commission (NAICOM) regulates the Insurance Sector.

Capital Market, in simple terms, is a market for raising long-term

funds. It is that segment of the financial market which represents the

intricate intermediation functions and processes of a network of

individuals, institutions and financial instruments between the users

and providers of long-term funds are mobilized and channeled into

productive investments by the issuance of equities and interest

bearing securities. The market also provides a

Thesis Overview