Effect Of Capital Market On Investment In Nigeria

Project and Seminar Material for Industrial Relations and Personnel Management

Effect Of Capital Market On Investment In Nigeria


This study has attempted to investigate the effect of capital market on investment in Nigeria using the OLS technique to estimate this relationship covering a period of 34 years (1981-2014). It was discovered that for the period under study that market capitalization and inflation had no significant effect with investment however the turnover ratio and value traded ratio are significantly related to investment under the time of observation and also the capital market has a significant effect on investment in Nigeria. It was thus recommended that for improved investment level the country the government and relevant authorities should ensure appropriate and adequate sensitization of investors to invest in the Nigerian Capital Market to provide funds for companies listed on the stock market to have funds to expand and make further investment.

Background of the Study

No nation can achieve sustained economic growth without a financial system. The sourcing of long-term finance through the capital market is essential for self-sustained economic growth, which is consistent with external adjustment and rapid economic growth (Iyola, 2004).

The capital market effectively started operations in Nigeria on 5th June 1961 under the provision of the Lagos stock exchange Act 1961, which transformed into Nigerian stock exchange in December 1977 as a result of the review of Nigerian financial system (CBN, 2007). The Securities and Exchange Commission (SEC) was established in 1979 through the SEC act 1979 to regulate the capital market, but it commenced actual operation in 1980. It took over regulatory functions from capital issues commission, which was established in 1973.

Since then various forms of financial instrument have been issued in the capital market by new and existing business to finance product development, new projects or general business expansion.The Nigerian security and exchange commission (NSEC) is the apex institution for the regulation and monitoring of the Nigeria capital market. The commission was established under the security and exchange commission decree 1979, operating retrospectively from 1st April 1978.

Effect Of Capital Market On Investment In Nigeria

Project Material Download

3,000 Naira

The complete material will be sent to you in just 2 steps.

Quick & Simple…

Step One Purchase

Make payment of ₦3,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

Click Here to pay with Debit Card ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • Effect Of Capital Market On Investment In Nigeria

The complete material will be sent to your email address after receiving your payment information | T & C Apply

  Contact Our Help Desk

You may also like:

⚠️ Need a different topic? Perform a quick search

Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


This research material “Effect Of Capital Market On Investment In Nigeria” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “Effect Of Capital Market On Investment In Nigeria” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.