📄 Research Article
EJAFI Vol. 8, No. 11 (2022)
MAXIMIZING THE PROSPECTS OF NIGERIA STOCK EXCHANGE AND CAPITAL FORMATION OF THE EMERGING ECONOMICS OF NIGERIA
Ihenetu Hyginus I. PhD 1 & Isoboye Jacob Damieibi. PhD 2
1 Department of Banking and Finance, Captain Elechi Amadi Polytechnic Rumuola Port Harcourt
2 Captain Elechi Amadi Polytechnic RumuolaPort Harcourt
2 Captain Elechi Amadi Polytechnic RumuolaPort Harcourt
Open Access
Peer Reviewed
Research Article
Abstract
The paper examined the effect of stock exchange on capital formation in Nigeria. Data were collected from Security and Exchange Commission (SEC) and CBN statistical bulletin 2020. Expost facto design was employed for the study. Ordinary least square regression was used to analyze the data. The findings showed that all the capital market variables have no significant effect on gross fixed capital formation both in the short and long run in Nigeria. Based on the findings, we therefore recommend that government should make policy that will increase market capitalization in order to increase the gross fixed capital in the economy, government should also make policy that will boost the all share index so as to contribute more to gross fixed capital formation in Nigeria etc.
Keywords:
Stock Exchange, Market Capitalization, All Share Index, Capital Formation etc
📑 How to Cite This Article
APA 7th Edition:
Ihenetu Hyginus I. PhD, Isoboye Jacob Damieibi. PhD (2022). MAXIMIZING THE PROSPECTS OF NIGERIA STOCK EXCHANGE AND CAPITAL FORMATION OF THE EMERGING ECONOMICS OF NIGERIA. European Journal of Accounting, Finance and Investment, 8(11), 10-18. https://doi.org/
Ihenetu Hyginus I. PhD, Isoboye Jacob Damieibi. PhD (2022). MAXIMIZING THE PROSPECTS OF NIGERIA STOCK EXCHANGE AND CAPITAL FORMATION OF THE EMERGING ECONOMICS OF NIGERIA. European Journal of Accounting, Finance and Investment, 8(11), 10-18. https://doi.org/
Vancouver Style:
Ihenetu Hyginus I. PhD, Isoboye Jacob Damieibi. PhD. MAXIMIZING THE PROSPECTS OF NIGERIA STOCK EXCHANGE AND CAPITAL FORMATION OF THE EMERGING ECONOMICS OF NIGERIA. Eur. J. Account. Finance Invest.. 2022;8(11):10-18. DOI:
Ihenetu Hyginus I. PhD, Isoboye Jacob Damieibi. PhD. MAXIMIZING THE PROSPECTS OF NIGERIA STOCK EXCHANGE AND CAPITAL FORMATION OF THE EMERGING ECONOMICS OF NIGERIA. Eur. J. Account. Finance Invest.. 2022;8(11):10-18. DOI:
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