EVALUATION OF PERFORMANCE OF NIGERIA STOCK EXCHANGE IN THE ECONOMY DEVELOPMENT OF NIGERIA
Abstract
ABSTRACT
Evaluation of performance of Nigeria Stock Exchange in the economy development of
Nigeria, the aim of this study is to examine the evaluation of the performance of the
Nigerian Stock Exchange (NSE) in facilitating investment in Nigerian. And also to
identify the contributions of the stock exchange in the development process of the
Nigerian economic activities. The data analyzed using table and chi-square method, this
was necessary as it helped to eliminate errors in the raw data. Data collected in the
research work are made up of Primary data though a high percentage of data. It is
concluded the study examined whether stock market promotes economic growth in
Nigeria or not from the period 2016 – 2020. In this regard, this exercise has
demonstrated that there is a positive relationship between the stock market and economic
growth. Also, the internationalization, the improvement in the infrastructural facilities in
the market in line with what obtains in the developed market and also the present
democratic dispensation will all work individually and jointly to ginger the prospect of
the stock market. Therefore recommended that Nigerian Stock Exchange regulators
should work at ensuring that the market capitalization is stable so as to have a resultant
positive effect on economic growth. Also Nigerian Capital Market should strive as well,
to build its investors confidence by enforcing integrity, as well as providing them with
more products in the market which will aid in diversification of their portfolio
investments, in case a certain product fails to perform they will still have another product
to fall back on.
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