GROWTH AND DEVELOPMENT OF THE NIGERIA CAPITAL MARKET: ISSUES, PROBLEMS AND PROSPECTS
GROWTH AND DEVELOPMENT OF THE NIGERIA CAPITAL MARKET: ISSUES, PROBLEMS AND PROSPECTS
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Date
2000-09
Authors
LUKA, MAILAFIA
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Abstract
ABSTRACT
With automation, deregulation and globalisation, the Nigerian capital
market has become more automated, efficient and internationalised. However,
the high level of illiteracy which doubles with the low level of awareness along
with other problems like poor infrastructure among others have served as
impediments and clogs in the wheel of the capital market's growth and
development.
This study has attempted to assess the extent of growth and development
and tried to proffer solutions as to how the Nigerian capital market can meet up
with international standards. It has tried to also make a forecast of the future in a
bid to predict its performance by 2010.
Findings reveal that even though the stock exchange performance is not
too satisfactory, a crystal look at the political dispensation in the country and the
government policies on privatisation, deregulation and response to automation
and globalisation as well as government's effort to improve on our SMEs, and
infrastructure particularly the Telecommunication Industry, there are great
prospects of the exchange. There is the tendency that in the next decade, the
Nigerian capital market will not just be a leader of the emergent markets but will
be transformed to be one of the global advance stock markets.
Description
BEING A PROJECT PRESENTED TO THE DEPARTMENT
OF BUSINESS ADMINISTRATION IN PARTIAL
FULFILLMENT OF THE REQUIREMENTS FOR THE
AWARD OF THE DEGREE OF MASTER OF BUSINESS
ADMINISTRATION (MBA) OF THE AMADU BELLO
UNIVERSITY, ZARIA.
Keywords
GROWTH,, DEVELOPMENT,, NIGERIAN,, CAPITAL,, MARKET,, ISSUES,, PROBLEMS,, PROSPECTS.