CHARTER ONE
1.0 INTRODUCTION
1.1 BACK GROUND OF THE STUDY
This study is a modest attempt at a lucid explication of the perceived impact of inflation on the Nigerian capital market. Inflation has been define by many economics. According to Ile (1990:160),he said that inflation is a contentious upward movement in the general price level. It can also be defined as an intermittent rise in the general level of prices.
Inflation may involve a steady but moderate annual rise in the general price level up to about 5%. Here, the volume of purchasing power is persistently running out of the output of goods and services so that there is a continuous tendency for price commodities and factors of production fail to increase with the demand for them. This types of inflation can be persistent rise in general price level. It is a situation of too much money chasing too few goods.
At period, the value of money, because of excessive creation of money results in high increase in price. This type of inflation is described as galloping inflation, money losses its function as a store of value and its medium of exchange function may be affected as people are unwilling to accept it.
According to OBASIKENE (2003) she noted that capital market is a market for buying and selling of long term funds. The Nigeria capital market is of two categories namely;
- Primary market
- Secondary market
PRIMARY MARKET: this is the market for the issuance of new securities (securities are document/ papers that are given to show that money was borrowed) the securities sold in the market are being issued into the market for the first time.
SECONDARY MARKET: Is a market for trading of old securities. Old securities are securities that are already in existence.
1.2 STATEMENT OF THE PROBLEM
To avoid the ugly situation of inflationary trend in Nigeria, the following problems are stated in the study to find solution, which will help reduce the impact of inflation in the Nigerian capital market.
The management of the Nigeria stock exchange has done nothing in checking inflationary trend in the Nigerian capital market.
The government has not done anything to monitor other sector of the economy whose activities are likely to spring up inflation. Also government failed to extend the bank loan to important sector of economy.
Thus, the problem of this study is to investigate the important of inflation on the Nigerian capital market.
| Project details | Contents |
|---|---|
| Number of Pages | 60 pages |
| Chapter one | Introduction |
| Chapter two | Literature review |
| Chapter three | methodology |
| Chapter four | Data analysis |
| Chapter five | Summary,discussion & recommendations |
| Reference | Reference |
| Questionnaire | Questionnaire |
| Appendix | Appendix |
| Chapter summary | 1 to 5 chapters |
| Available document | PDF and MS-word format |
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