CAPITAL MARKET AND THE NIGERIAN ECONOMY

📄 Project Abstract

The capital market is a highly specialized organized market for long term funds and securities. It provides services that are essential to the modern economy through its ability to facilitate trade and therefore production which offers access to a variety of financial instruments that enable economic agent to pull, price and exchange risk. This market which is used for raising and investing long term funds with its maturity fperiod ranging from 10 years and above have financial instruments such as equity securities, preference shares and loan stocks. To an extent, a positive relationship between capital accumulation and real economic growth, has long been affirmed in the accumulation and mobilization for developed varies among nations but it is largely dependent on domestic savings and in flow of foreign capital. Therefore, to arrest the menace of current economic predicaments, efforts must be geared towards effective resources allocation. It is in the realization of this, that conside...