INTRODUCTION
The desire of every national producer is to minimize the resource invested to achieve a desired objective thus at any point in time he should be devising ways of minimizing the cost of achieving the desired benefit.
This situation is equally relevant to organization of any kind whether profit oriented on nonprofit oriented and therefore make it imperative for every organization especially the profit oriented ones not to stop at controlling the use of resources to conform with established standards but should also make spirited attempts to continuously minimize cost without impairing the quality of their products. The need for manufacturing companies to be conscious of the above need has been magnified by the fact that Nigeria economy is experiencing an era of astonishing rate of inflation despicable how exchange rate requiring reports of grossly low capity utilization and the inter play of some other very powerful extraneous variable which makes the business environment very inclement. These are the cries of mangers. Sectioning through the streets of industry and commerce saying Nigeria is passing through a difficult period, everything possible must be done to every one in position to do so , to assist the economy in making a quick recovery. One way of heading these glariot calls by mergers off companies is the adoption of cost minimization strategy aimed at improving efficiency.
TABLE OF CONTENT
Chapter 1: Introduction
1.1 Background of the Problem
1.2 Statement of the Problem
1.3 Objectives of the Research
1.4 Research Questions
1.5 Statement of Hypothesis
1.6 Scope of the study and Its Delimitation
1.7 Organization of the Report
Chapter 2: Literature Review
2.1 Evolution of the Nigeria Capital Market.
2.2 Major Participation’s in the Nigerian Capital Market
2.2.1 The Central Bank of Nigeria
2.2.2 Development Finance Institutions
2.2.3 Issuing Houses
2.2.4 Stockbroking firms
2.2.5 Securities and Exchange Commission
2.2.6 Stock Exchange
2.2.7 Share Registrars
2.2.8 Commercial Banks
2.2.9 Insurance companies and Pensims / Provident funds
2.3 Dividend
2.3.1 Forms of Dividend
2.3.2 Factors influencing Dividend Policy
2.3.3 Stability of Dividend
2.3.4 Relationship between Dividend and Share prices
2.3.5 Information content of Dividends
2.3.6 Random Walk Theory of Share Price Movements
2.3.7 Random Walk and an Efficient Stock Market
2.3.8 Varying Degrees Efficiency
2.3.9 Week form Tests or Weak form of Efficiency
2.3.10 Semi-strong form Tests and semi-strong Efficiency
2.3.11 Strong form Tests and Strong Form Efficiency
2.3.12 Implications of Efficient Market Hypothesis
2.3.13 Empirical Studies of Capital Market Efficiency in Nigeria
2.3.14 Dividend Announcement and Capital Market Efficiency.
Chapter 3: Research Methodology
3.1 research Design
3.2 Sources of Primary & Secondary Data
3.3 Population & Sample
3.4 Data Collection Techniques
3.5 Data Analysis Technique
3.6 Hypothesis Test Statistic
3.7 Limitation of Research Methodology
Chapter 4: Analysis and Presentation of Data.
4.1 Presentation of Primary Data
4.2 Analysis and Presentation of Data According to Research Questions
4.3 Analysis and Presentation of Data According to hypothesis.
Chapter 5
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendation
5.4 Suggested Research Wor
