Download or read book Financial Deepening and Stock Market Development in Nigeria written by D. A. Omole and published by Nigerian Institute of Social and Economic Research (NISER), University of Ibadan. This book was released on 1999 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stock Market Development and Financial Deepening in Developing Countries written by Dong He and published by World Bank Publications. This book was released on 1993 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effect of Financial Deepening on Economic Growth in Nigeria written by Paschal Chikwado Nwakobi and published by . This book was released on 2020 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The influence of financial deepening on the economic growth of any nation cannot be underestimated. To this end, the study evaluated the effect of financial deepening on economic growth in Nigeria over a period of thirty three (33) years: 1986 to 2018. Data were collected from statistical bulletins of the Central Bank of Nigeria (CBN) and factbooks of the Nigerian Stock Exchange (NSE). The model estimation followed the Auto-regressive Distributive Lag (ARDL) approach with the effect estimated in line with the Granger Causality analysis. We found that economic growth in Nigeria is not affected by financial deepening. The study also stated that the level of growth in the economy is what influences the level of development in the banking sector. The implication is that the Central Bank of Nigeria and the Security and Exchange Commission (SEC) should formulate and implement policies geared toward the deepening of the banking sector and the capital markets to help in the efficient and effective mobilization of resources to accelerate the growth of the Nigerian economy. The insurance sector should not be left out in this regard even though citizens seem not to embrace the need for insurance policies. Impediments to the competition in the banking, insurance and capital market activities should be removed by strict legislation in line with international best practices and participants in the markets be protected as well.
Download or read book Stock Market Performance Indicators and Standard of Living in Nigeria Entrepreneurial Approach written by Uju Akpunonu and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examined stock market performance indicators and standard of living in Nigeria for the period of 1986 to 2014. The objectives of the study are to evaluate the contributions of stock market liquidity and new issues (primary) market on the standard of living in Nigeria. The study was structured around an expo facto research design on secondary data sourced from various issues of Central Bank of Nigeria (CBN) Statistical Bulletin, World Development Indicators (WDI), and Nigeria Stock Exchange Factbook. Two models were developed to test the two hypotheses formulated for the study. The models include, standard of living and stock market liquidity, standard of living and primary (new) issues market. Ordinary least square analysis (OLS) was used to test the hypotheses. The result revealed that stock market liquidity and primary (new) issues market have insignificant effect in improving standard of living in Nigeria The study concludes that in spite of the growth potentials of stock market in Nigeria, it has not contributed meaningfully to improvement of the standard of living of an average Nigerian. The study recommends among others that more intensified and stock liberalization is required such that will encourage more productive investment, resulting in financial deepening, economic growth and development and improved living standard of the citizens.
Download or read book Stock Market Development and Economic Growth in Nigeria 1986 2006 written by Oluwanishola Abiodun Okogun and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. The relationship between stock market development and economic growth has received a great deal of attention during the last decades. Many economists have underlined the importance of stock market development in the process of economic growth while others think that this importance is over-stressed. Managers and owners of businesses are often ignorant of the full range of sources of finance available to them as well as the best means of accessing these funds. As businesses expand, it is pertinent to the continuing success of such a business that it possesses the ability to identify its financing requirements and its sources. Of all the sources of funds, the stock market is by far the largest source of finance for any organization and the study is needed to extensively focus on the opportunities that bound in the Nigeria stock market with regards to the process of the capital formation. This study examine the stock market development with relationship between economic growths in Nigeria.
Download or read book stock market development and long run growth written by Ross Levine and published by World Bank Publications. This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Markets in Nigeria written by O. J. Nnanna and published by . This book was released on 2004 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nigeria Stock Market Development and Economic Growth written by Victor Okonkwo and published by . This book was released on 2017 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examined the impact of stock market development and economic growth; and also examined the direction of causality between stock market development and economic growth in Nigeria. This study applied Johansen co-integration model to evaluate the stock market development and economic growth and causal relationship using four measures of stock market development indices: market capitalization, number of deals, all share index and total value of market transaction. The study established the existence of co-integration for all the stock market development measures. Results obtained for all measures of stock market development indices point to the existence of a positive relationship between stock market development and economic growth except for market capitalization and total value of market transaction. The findings from pair-wise Granger Causality test suggest the existence of a unidirectional relationship between stock market development and economic growth. This entails that the state of development of the economy will determine the development and operations of the stock market. This study also reveals that there is correlation between stock market development and economic growth, via all share indexes, market capitalization, number of deals and total market transaction value. The Nigerian government should therefore create an enabling environment that would involve, amongst other things, putting in place key legislation to cover investment protection, friendly taxation policies and guaranteeing property rights, so as to stimulate investments. In addition, policies to enhance the trading of securities should be encouraged. In fact, the demutualisation of the Nigeria Stock Exchange needs fast-tracking measures. This has the potential of stimulating creation of financial instruments capable of deepen the operations of the Nigerian capital market and consequently improving liquidity.
Download or read book Nigerian Financial System written by Osaruyi Erhabor and published by . This book was released on 2001 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Deepening and Economic Growth in Nigeria written by and published by . This book was released on 2015 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stock Market Development and Economic Growth in Nigeria written by John J. Chizea and published by LAP Lambert Academic Publishing. This book was released on 2014-11-25 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the role of stock market development on economic growth within the Nigerian context. The author examines the long run causal relationship between the stock market development and economic growth. Essentially the study uses the endogenous growth theory as a basis of its theoretical foundation. The study uses one banking sector variable and three measures of stock market development over the period of 1980 - 2007 The author's findings from the study suggest that stock market development has impacted on economic growth in Nigeria. The study also finds evidence of a bi-directional relationship between stock market development and economic growth. The findings of the study support the view that stock market development and economic growth in Nigeria are complementary. The contribution of this study lies in the fact that it provides additional evidence on the ongoing debate of the impact stock markets have on the economic growth process within a specific country. This work will be of interest to people interested in stock markets, financial and economic development, time series analysis as well as African studies.
Download or read book The Nigerian Capital Market written by Isaac Olusola Dada and published by . This book was released on 2003 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: securities market management in an emerging market; the Nigerian capital market, opportunities and challenges; perspectives on the development of the capital market in Nigeria; the impact of the central securities clearing system on the development of the capital market; the role of domestic and international capital markets in the re-capitalisation of banks in Nigeria; dealing in securities and maximising profit through trading in rights issues; assisting public sector resource managers to access captial markets; the role of the stockbroker; effective pricing of securities in the secondary market; mobilisation of resources; the role of the corporate finance officer; privatisation of public enterprises in Nigeria; the potential impact of the 1999 Federal Government budget on the Nigerian capital market; the investment climate in Nigeria; the case for foreign investment in the Nigerian Wire and Cable companies; and the church and investment.
Download or read book The Nigerian Capital Market in the African and Global Financial System written by Bob. Es Osaze and published by . This book was released on 2000 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Deepening and Economic Growth in Nigeria written by Paul Terhemba Iorember and published by . This book was released on 2016-11-22 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Development Economic Growth and Stock Market Volatility written by Umar Bida Ndako and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Savings and Development written by and published by . This book was released on 1999 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reform in Developing Countries written by José María Fanelli and published by Springer. This book was released on 1998-11-12 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.