The Nigerian capital market was established to perform certain
functions, which are paramount to the development and growth of the economy.
This includes the accumulation of capital from diveresed fund serves and make
such available to users of funds.
The purpose of this study was to determine the extent to which the
development of business organization, to establish the importance of the
capital market in servicing the banking and manufacturing sector of business.
Hypothesis formulate in this regard are:
Ho1 The Nigerian capital market is of no
importance to business organization
The Chi-square was used to test the hypothesis.
Questionnaire were distributed.
The study made the following recommendation
awareness should be create especially in rural areas.
2) Compensation of
trade transactions should be encouraged.
3) More couraces
taking capital market in the tartaric institution
should be encouraged.
needs to be carried out on the influences of the
Nigerian capital market on
1.1 PROBLEM INDETIFICATION AND
PURPOSE OF STUDY
In this research work, the researcher intends to study the
importance of the Nigerian capital market to business organisatio
of this country. Apart from its fund mobilization function, it thus
performs intermediacy role by making it possible for those who have
surplus funds to be able to loan it out to those in need of it for
purposes (Orji, 2000)..
The purpose of the study is stated as follows:
1. To determine
the extent to which the Nigerian capital market
contributes to the development
of business organizations
2. To establish
the importance of the capital market in semicing the banking
an manufacturing sectors of business.
3. to make
recommendation on how to improve the operation s of the
will aid in the development of business organizations
and the economy as a whole.
1.2 RATIONALE OF THE STUDY
I decided to write on this topic because of the following reasons;
1. I have special
interest in the Nigerian capital market business of its
role in the banking industry. For example, so many
banks are running to the Nigerian
capital market to raise funds, so that they can meat up with the new
capital base of N25 billion. As a banker, I am supposed to
know how the banks raise their funds.
2. I hope that
through this project work other people who ar not aware
of the importance of the
Nigerian capital market will get to know
about it after reading my work.
.3 SIGNIFICANCE OF THE STUDY
study will enlighten the business proprietor on how to raise
the much needed capital through the Nigerian capital
market to improve his business performance.
This study will also enlighten the general public and investors on
the need to invest in the Nigerian capital market.
It will also enable the students to read or study more about the
Nigerian Capital market.
The study wll also enable other researchers to carryout more
research on the
Also the authorities who are already conscious of the problems of the
stock exchange who benefit from the recommendations of this
work for improvement.
1.4 DEFINTION OF TERMS
MARKET: It is a market where long-term goods are obtained or
where long term functional assets such as debenture,
stock, shares are bought and sold.
MARKET: is an institution in a boarding conceived
capital market, consisting of
arrangement of mechanisms for raising capital though
the initial issue of securities.
3. PRIMARY MARKET:
is a market where new securities are traded
for the first time
by the issuing co-operation.
MARKET: is a market where second hand o
previously issued securities are braded.
5. PRICE EARNING
RATION: This represents the current investors
re willing to pay
for each naira of the forms earning.
6. PRICE EARNING
INDEX: Means compilation showing average current market value of common stock
compared with their average market value at an earlier base period.
OVER: is a method adopted by the Nigerian stock dealers and any interested
dealer indicates his interest by going into bidding.
TERMS AND CONDITIONS APPLY
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