ABSTRACT: The capital market has an important contribution make in terms of mobilization of savings to profitable self liquidating investment. An analysis of the Nigeria capital market is the subject of this research because effective capital market can offer several advantages to governments and private sector. This project is designed to analyze the problems and prospects of the capital market, this is because it is from the capital market that funds were raised to finance most of the investment in premises, buildings productions, plant and machinery of the private sector in Nigeria. Nevertheless the result of this project shows that the Nigeria capital market has contributed immensely towards providing short–term and long capital for government and private companies for the economic growth of Nigeria. It also assist investors, to have great confidence in funding big project. Finally, for the capital market to enable operational efficiency and attract more investors, it depend largely on the extent to which the capital market adapts fast hanging world information through the use of internet, E-mail, E-Commerce and effective telecommunication like the telephone, locally and (internationally) GSM and etc.
TABLE OF CONTENTS
CHAPTER ONE – Introduction
1.1 Background of the study - - - - - - 1
1.2 History background of Nigerian Stock Exchanged
Market in Nigeria - - - - - - - 3
1.3 Objective of the study - - - - - - - 8
1.4 Statement of General Problems- - - - - 9
1.5 Background of the Subject Matter - - - - 10
1.6 Rational for the study- -- - - - - - 11
1.7 Scope of the study - - - - - - - 12
1.8 Statement of hypothesis-- - - - - - - 12
1.9 Definition of terms - - - - - - - 13
CHAPTER TWO- Review related literature
Nigeria - - - - - - - - - 19
CHAPTER THREE – Research Methodology
3.0 Introduction - - - - -- - - - 43
3.1 Research approaches used - - - - - 43
3.2 Justification for approach used- - - - - 43
33 Instrument used- - - - - - - - 44
3.4 Research population and sample size- - - - 45
3.5 Sampling procedure employed - - - - - 45
3.6 Justification for sample procedure and sample size- - 46
3.7 Statistical techniques used in Analysis the data. - 46
CHAPTER FOUR – Presentation and analysis of Data
4.0 Introduction - - - - - - - - - 48
CHAPTER FIVE - Summary, Conclusion and Recommendations
References - - - - - - - - 58
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The capital market as a subsection of financial market, deals in long term and short term, as well as operating stock. It may not involve the issue of negotiation instrument but, cash flow from operators and direct negotiation or re-capitalization. These are done through organization such as:
The other arm of capital market is the securities market that deal in the issue of sales of long term securities like the money market. Securities market involves the lending of money in one form or the other unlike the money market however, the securities trade in long term debt are bonds issue by the government on agency which when bought by individual or institution grants loan to what ever organization that issued it.
It is thus a promissory note or (100) whichever issue promissory to repay at certain date in the future and pay by the buyer as a guaranteed rate of interest. Among such bonds available in Nigeria capital market are:
The equities on the other hand are purchase share or stock issued by company or institutions by individual, group or financial intermediaries. The purchased of share or stock does not become a creditors as the case of bond or under bond issue, rather he became an owner of the company. The corporation promises nothing in return except through good business management, it increase its earning which allow the purchased (now an owner) to earn in dividends.
The equities on the other hands are purchased shares and stock issued by a company or institution by an individual. The equity can be in form of shares (offer for subscription) as the case was first issued in the Nigeria in February 1959 when the Nigeria Cement Company Limited. (Niger Cement) made a public offer of N100.00 N2 per value share at April, 1960.
The securities market can be newly issued securities board, or equities that primary segment of the capital market or in securities that have already been issued. That is the seconda
1 - 5 of 96 Reviews |