THE PERCEIVED IMPACT OF INFLATION ON THE NIGERIAN CAPITAL MARKET A CASE STUDY OF THE NIGERIAN STOCK EXCHANGE, ONITSHA, ANAMBRA STATE

📄 Project Abstract

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...