THE IMPORTANCE OF THE NIGERIAN CAPITAL MARKET TO BUSINESS ORGANIZATIONS
ABSTRACT
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 diverse 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 recommendations. Increased awareness should be created especially in rural areas. Compensation of trade transactions should be encouraged. More courage’s taking capital market in the tartaric institution should be encouraged. Investigation needs to be carried out on the influences of the Nigerian capital market on business organization.
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