an evaluation of the performance of nigerian stock exchange in the economic development of nigeria



It is therefore imperative for them to look for other sources of capital inflows to close their resources gaps.As a matter of fact the need to finance growing budgets deficits from 1958 and the deteriorating balance of payment form the year 1950Were some of the consideration for government support of the business community in setting up the lagos stock exchange in 1977 the stock exchange was also inspired by government due to the understanding that a viable capital market could be relied upon to finance industrial development in particular and nation economic growth in general on the other hand the money market represent the short-term end of the nation.
To identify the contributions of the stock exchange in the development process of the Nigerian economic activities.iii. Nigeria’s low level of economic advancement has largely been attributed to the inability of the Nigerian Stock Exchange to mobilize and allocate the much needed investiables capital efficiently.Therefore, any research efforts in these directions will contribute immensely in addressing the country’s economic problems. The complete project work would...Continue reading », THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE The relevant terms which are used in this research work that may be new to the reader are defined or explained below.a. All Rights Reserved. It has been noted that with the cost importance of the … To assess the major problems facing the stock exchange and as against its performance.iv. p.      Primary market: This is the market for initial offer of securities as when a company makes its initial contact with the public in search of public fund, initial corporate capital or additional by already existing or quoted company. How true is the allegation that the Nigerian stock exchanges activities are note made public to many individual investors as well as to companies in Nigerian?iv. It would be noted that the success of an industry of firm depends largely on the capital recourses available to the industry and this will also be reflected in the development of the economy. How true is the allegation that the Nigerian stock exchanges activities are note made public to many individual investors as well as to companies in Nigerian? This situation has taken a worrisome dimension in which many questions are being raised on the relevance of the Nigerian stock exchange in facilitating investments in the Nigerian economy. Since the establishment of the Nigerian stock exchange (NSE) some forty two years back (42) elements of stagnation, dormancy and unproductiveness in the economy is being experienced despite the tremendous development in the exchange systems. Regulators these includes Securities and Exchange Commission (SEC), the Nigeria Stock Exchange (NSE).As can be seen above the provider of funds essentially comprises of individual and companies, while the users of the funds issuer of securities are expected to be government and corporate bodies. it is an institution that has a prominent role to play in the economic development of nigeria. Thus, the availability of a secondary market engenders formation and social economic development. If capital is made available for financing projects more fires and organizations will be listed on the stock exchange and this will enhance resources available both to a country and the living populace.However, some recommendations have been given in the work to the operations of the market to help in overcoming the present problems faced by the stock exchange. Second tier securities market: This is the market where small and medium scale companies have their shares listed on daily basis. Such finical system should be stimulated and maintained by the effective activities of an efficient capital market, which is the head of the “Stock Exchange”.The stock exchange therefore is the market where companies, raise capital on a short term and long term basis. The findings of this research could be of tremendous benefit to policy maker particularly in the current effort to sensitize the capital market support it and make it viable as well as international standard. Background of the study Government Expenditure no doubt is an important instrument for a government to control the economy of a nation. Short-term loans and obligations with maturely of about a year it is an institutional arrangement through which individuals and institution with temporary surplus funds meets borrowers who have temporary funds shortages. Therefore, any research efforts in these directions will contribute immensely in addressing the country’s economic problems. The NSE-All Share increased 1829 points or 6.81% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Nigeria.

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