EFFECT OF THE NIGERIA STOCK EXCHANGE ON THE GROWTH OF NIGERIA ECONOMY
Abstract
This research work was carried out on effect of the Nigeria Stock Exchange on the Growth of Nigeria Economy. The study investigated the relationship between the stock market capitalization during the capital melt-down and Nigeria Economy. Indices of Capital Market value and GDP were used to measure this between the periods of 2015-2020. The method of analysis used to actualize this was the Pearson Correlation Coefficient statistical method. The Findings show that there is a significant relationship between the stock market capitalization during the capital meltdown and the Nigeria Economy. In effect a decrease in the capital market value will lead to decrease in the value of the Country (JDP. Also, the Nigeria capital have a significant contribution to the growth of Nigeria Economy. The study recommends that foreign Investors should be encouraged to participate in the market in order to improve market capitalization, and also, the regulatory authorities should ensure transparency, fair trading transactions and dealings in the market so as to restore confidence.
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