CONTRIBUTION OF NIGERIA EXCHANGE GROUP TO THE DEVELOPMENT OF NIGERIA ECONOMY

This project focuses on the Contribution of Nigeria Stock Exchange in the Development of Nigeria and to the overall financial development of the economy. The general or broad objective of this study was to analyze the contribution of stock market to economic development in Nigeria. The sample size used is 36 staff from the population of 40, which was obtained through Taro Yamane formula. The methodology used in achieving the findings include gathering information from Primary and Secondary data such as; annual publications and fast books of the stock exchange business journals, annual publication from the central bank of Nigeria etc. the researcher had the following findings that stock exchange contribute to development of Nigeria economy, However, some recommendations have been that negative and insignificant relationship between value of transaction and economic growth reflect the fact that majority of investors prefer to invest in other sector of the economy other than the capital market, the government should put up measures to stem up investors’ confidence and activities in the market and more foreign investors should be encouraged to participate in the market for improvement in the declining market capitalization so that it could contribute significantly to the Nigerian economic growth.