AN ASSESSMENT OF THE IMPACT OF PRIVATIZATION ON THE NIGERIAN CAPITAL MARKET
AN ASSESSMENT OF THE IMPACT OF PRIVATIZATION ON THE NIGERIAN CAPITAL MARKET
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Date
2014-07
Authors
KUMAI, GUGONG BENJAMIN
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Abstract
ABSTRACT
This study examined the impact of privatisation on the Nigerian Capital
Market. The main research questions developed were to see whether the
Capital Market played an important role in the process of privatisation,
whether the privatisation programme brought about efficiency in the
privatised parastatals and whether there were increases in the profits of
companies quoted on the stock exchange as a result of privatisation.
The methods of data collection adopted were descriptive and the
analytical tools used were arithmetic mean and percentages. The main
findings of the research were that the volume of trade in the Nigerian
Capital Market increased tremendously, mainly as a result of the
privatisation exercise. There was a significant increase in the profit and
output of the selected enterprises after privatisation and efficiency increased
significantly.
The recommendations that were made were that measures should be
taken by Bureau of Public Enterprise (BPE) and National Orientation Agency
(NOA) to educate members of the public about the activities of the Capital
Market and the need for deregulation of the Capital Market.
Description
A THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILMENT OF
THE REQUIREMENTS FOR THE AWARD OF MASTER OF SCIENCE
DEGREE IN ACCOUNTING AND FINANCE
Keywords
ASSESSMENT,, IMPACT,, PRIVATIZATION,, NIGERIAN,, CAPITAL,, MARKET,