THE NIGERIAN STOCK EXCHANGE: GROWTH AND DEVELOPMENT IN THE NIGERIAN ECONOMY (A CASE STUDY OF STOCK EXCHANGE MARKET BENIN BRANCH)

ABSTRACT

This study attempt to examine the roles of the Nigeria stock exchange in the growth and development of Nigeria economic. The Nigeria stock exchange in spite of its development and nature and other limiting factors that has contributed immensely in the development of the economic. Based on the data collected and tested hypothesis using the person product moment correlation the result shows that their his a significant relationship between the market capitalization of the Nigeria stock exchanges and goods domestic product on one land , and no significant relationship between the size of the Nigerian stock exchange and the industrial production (growth rate ).  Reason and recommendation were made to strengthen the role of the Nigeria stock exchange with the arm of making it relevant and effective economy. Some of the recommendations are: The regulatory body should step up their role in the monitoring the activities of the operation of the market, the government should initiate policies that will promote and develop the exchange.   

TABLE OF CONTENTS

Title                                                                                                   i

Approval                                                                                          ii

Dedication                                                                                        iii

Acknowledgement                                                                           iv

Table of contents                                                                            v

Abstract                                                                                            viii

CHAPTER ONE - Introduction                                                    

1.1        Background of the study                                                        1

1.2        Statement of the study                                                                    2

1.3        Purpose of study                                                                    3

1.4        Research question                                                                 3

1.5        Significance of study                                                             4

1.6        Scope of study                                                                       5

1.7        Limitation of study                                                                 5

1.8        Operational definition of terms                                              6

CHAPTER TWO - Review of Related Literature  

2.1        The Nigerian Financial Market – Defined                             8

2.2        The Nigerian Stock Exchange in its Perspective                 10

2.3        Dealing in Nigerian Stock Exchange                                    13

2.4        The Central Securities Clearing System                              15

2.5        The Securities and Exchange Commission                         17

2.6        Nigerian Stock Exchange and Economic Development      19

2.7        Privatization and Commercialization Progremme               20

2.8        Problems of the Nigerian Stock Exchange                          21

2.9        Prospect of the Nigerian Stock Exchange                           22

CHAPTER THREE  - Research methodology

3.1        Introduction                                                                            23

3.2        Research design                                                                    23

3.3        Area of the study                                                                   23

3.4        Sampling procedures                                                            23

3.5        Sampling size                                                                       24

3.6        Research instrument                                                             24

3.7        Reliability of the Instrument                                                   24

3.8        Validity of the Research Instrument                                     25

3.9        Data collection Method                                                          25

3.10    Method of data analysis                                                        25

CHAPTER FOUR - Presentation and Data Analysis

4.1        Introduction                                                                            26

4.2        Data presentation                                                                 26

4.3        Testing of hypotheses                                                           29

4.4        Data Analysis and Interpretation of Result                           34

CHAPTER FIVE - Summary, Conclusion and Recommendations

5.1        Summary                                                                                40

5.2        Conclusion                                                                             42

5.3        Recommendations                                                                42

References                                                                             44

Appendix                                                                                46

Questionnaire                                                                        47