The impact of capital market on the nigerian economy with emphasis on the role of the nigerian stock exchange
Table Of Contents
- <p> </p><p>Title Page — — –. — — — — — — i<br>Certification — — –. –. … — — — — ii<br>Dedication — — — — — — — — — iii<br>Acknowledgement — — — — — — — — iv<br>Abstract —- — — — — — — — — v<br>List of Figure —- — — — — — — — vi<br>List of Tables — — — — — — — — vii<br>Table of Contents — — — — — — — — vi</p><p>
Chapter ONE
INTRODUCTION
- <br>
- 1.1Background of the Study — — — — — — 1<br>1.
- 1.1Evolution of the Capital Market — — — — — 3<br>
- 1.2Statement of the Research Problems —- — — 7<br>
- 1.3Objective of the Study — — — — — — 8<br>
- 1.4Research Question — — — — — — — 8<br>
- 1.5Research Hypothesis — — — — — — 9<br>
- 1.6Significance of the Study — — — — — — 10<br>
- 1.7Scope of the Study — — — — — — — 10<br>
- 1.8Limitation of the Study — — — — — — 11<br>
- 1.9Definition of Terms — .. — — — — — 12<br>References — — — — — — — — 14</p><p>
Chapter TWO
LITERATURE REVIEW
- REVIEW OF THE RELATED LITERATURE<br>
- 2.1Wall Street ” Where It All Began — — — — 15<br>
- 2.2The Nigerian Capital Market — — — — — 16<br>
- 2.3The Role of the Nigerian Capital Market —- — — 17<br>2.
- 3.1The Pooling Function — — — — — — 19<br>2.
- 3.2Facilitating Capital Formation — — — — — 19<br>2.
- 3.3Risk Reduction Function — — — — — — 20<br>
- 2.4The concept of the Nigeria Stock Exchange — — — 20<br>
- 2.5The Nigerian Stock Exchange Market — — — 23<br>2.
- 5.1Membership of the Nigerian Stock Exchange — — 24<br>2.
- 5.2Functions and Importance of the Nigerian Stock Exchange 25<br>
- 2.6Securities and Exchange Commission (SEC) — — 27<br>2.
- 6.1Duties and Functions of the Securities<br>and Exchange Commission — — — — — 28<br>
- 2.7The Impact of the NSE Crisis on the Nigerian Capital Market 29<br>
- 2.8The Stock Exchange in Operation — — — — 34<br>2.
- 8.1The Primary Market — — — — — — 34<br>2.
- 8.2Evaluation of the Nigerian Stock Exchange — — — 39<br>2.
- 8.3The Daily Stock Summary — — — — — 41<br>
- 2.9Problems Associated with the Nigerian Stock Exchange — 47<br>References — — — — — — — — 50</p><p>
Chapter THREE
RESEARCH METHODOLOGY
- <br>
- 3.1Introduction … — — — — — — — 51<br>
- 3.2Research Design — — — — — — — 51<br>
- 3.3Sources of Data — — — — — — — 52<br>3.
- 3.1Primary Data — –. — — — — — — 52<br>3.
- 3.2Secondary Data — — — — — — — 53<br>
- 3.4Method of Data Collection — — — — — — 53<br>3.
- 4.1Reasons for using the Aforementioned Methods — — 53<br>
- 3.5Determination of Population Size — — — — 54<br>
- 3.6Sample Procedure — — — — — — — 54<br>
- 3.7Methods of Administering Questionnaires — — — 55<br>
- 3.8Decision Rule — — — — — — — 55<br>References —- — — — — — — 57</p><p>
Chapter FOUR
DATA PRESENTATION AND ANALYSIS
- PRESENTATION AND ANALYSIS<br>
- 4.1Introduction — — — — — — — — 58<br>
- 4.2Presentation and Analysis of Responses from Questionnaire 59<br>
- 4.3Analysis of Interview — — — — — — 80</p><p>
Chapter FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
- OF FINDINGS, CONCLUSION AND<br>RECOMMENDATIONS.<br>
- 5.1Summary of Findings — — — — — 86<br>
- 5.2Conclusion — — — — — — — — 87<br>
- 5.3Recommendations — — –. — — — — 88<br>Bibliography — — — — — — — 90<br>Appendix ” Questionnaire — — — — — 91</p><p>LIST OF FIGURES<br>Figure 2.1: Stock Exchange in Operation — — — — 23<br>Figure 2.2: The Functional Relationship of the NSEC within the New Issues market —- — — — 36<br>Figure 2.3: The Functional Relationship of the Stock Exchange<br>within the Secondary Market —- — — 38</p><p>LIST OF TABLES<br>Table of 2.1: Impact of the Loss of Investors Confidence in the<br>Nigeria Capital Market —- — — — 32<br>Table 2.8.3:The Daily Stock Summary — — — — 41<br>Table 4.1: Identify your Sex? — — — — — — 60<br>Table 4.2: What is your Occupation? — — — — –. 61<br>Table 4.3: Are you Aware of the Existence of the Nigeria<br>Stock Exchange? — — — — — — 62<br>Table 4.4: How Familiar are you with the Operations of<br>the Nigerian Stock Exchange — — — — 63<br>Table 4.5: Are you Aware of the Aims and Functions of<br>the Nigeria Stock Exchange? — — — — 64<br>Table 4.6: If No 5 is yes, do you make use of the Exchange? –65<br>Table 4.7: Where do you (Corporation, Individuals and<br>Government) raise your Fund? — — — — 66<br>Table 4.8: Why Prefer the Bank as an Outlet? — — — 67<br>Table 4.9: Has the Nigerian Stock Exchange contributed<br>Significantly to the Development of the Economy? — 68<br>Table 4.10: Are you Satisfied with the level of Development in<br>the stock Exchange Market? — — — — 69<br>Table 4.11: Are you satisfied with the Pricing Policy? — — — 73<br>Table 4.12:Are you Aware of the Introduction of a Computerized<br>System of Clearing Settlement and Delivery of Trade<br>Transaction, the (CSCS)? — — — — — 74<br>Table 4.13: What is the Movement of Share Prices since the<br>Introduction of Central Security Clearing System? — 75<br>Table 4.14: Are you aware of the introduction of the Automated<br>Trading System (ATS), through which stockbrokers<br>can trade from their offices and homes? — — 76<br>Table 4.15: If your answer to 17 is yes, do you think the<br>Automated Training System (ATS) will enhance<br>the operations of the Stock Exchange? — — — 77<br>Table 4.16: How can you Assess the Impact of Information<br>Technology (internet services) vis-Ã -vis the<br>operations of the Nigeria Stock Exchange? — — 78</p> <br><p></p>
Project Abstract
<p> The researcher’s mind on the topic, “The impact of the Capital market on the Nigerian Economy with emphasis on the role of the Nigerian Stock Exchange” was captured when a similar topic was discussed at a seminar organized by the Bureau for Public Enterprise (BPE) to conscientize and sensitize Nigerian people to accept the privatization programme. The organizers sought to expose how highly underutilized the Nigerian Stock market is and what individuals and Corporations would gain in patronizing the market. They also compared the operations and volume of transactions with other emerging stock markets in the world. The research work is basically, all about assessing the extent of the impact of the capital market on the socio-economic development of this country and an in-depth search into ways of improving upon the operations of the Nigerian Stock Exchange. In his findings, the researcher noted (among other things) that there was under utilization of the Stock Exchange market due to poor enlightenment campaign, and lack of transparency and accountability on the part of the operators of the market. In the conclusion, the researcher admitted that the future prospects of the exchange market is still bright but emphasized that the operators of the market must engender accountability and transparency as this will go a long way to re-installing much desired confidence in the investing public and guarantee the market’s future development. <br></p>
Project Overview