TABLE OF CONTENT
Title
Certification
Dedication
Acknowledgement
Table of content
CHAPTER ONE
CHAPTER TWO
Reference
CHAPTER THREE
Research methodology
CHAPTER FOUR
CHAPTER FIVE
Reference
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The importance of a capital market as a catalyst to economic growth and development through its ability to mobilize surplus funds for investment purpose has long been realized. It is not surprising, therefore that countries all over the world strive to build a solid market with a variety of financial instrument and dynamic institutions capable of enhancing the “national wealth”.
A capital market exists to assist in the transfer of funds the excess units savers of the “deficit” units investment decision marker. Various types of institutions traditionally play one role or another in the process of transfer of funds. These include the stock exchange, issuing houses, stock brokers, share registrars, share distribution agent (e.g. merchant banks, issue companies, pension funds etc.) the Nigeria enterprises. Promotion bounds and the Nigeria security and exchange commission. Although all of these institutions perform one function or over in the transfer process, they are not located in one place. the capital market may therefore be defined as! The complex of institutions and mechanizing through which intermediate term funds are pooled and made available to business, government and individual instruments already outstanding are transferred (Dougall/Guramnitz 1975).
As distinct from the many market, the money market provides intermediate and long-term funds for individuals, business organizations, government (federal and state) most capital markets are well regulated and facilitators are so vital that efficiently and effectively. Referred to as market operations are issuing houses stock brokers, registrar’s investment advisers.
Financial intermediaries particularly banks and units trust also aid the movement of funds on the market.
Regulation is vital for the orderly functioning of any market. Lack of regulation could lead to general disorder, confusion, Loss of financial wealth and confidence, which will in turn have for reaching implication in the overall economy. It is for this among other reasons that regulatory agencies are setup to over see the market. The two regulatory bodies in Nigeria are the securities exchange commission (SEC) and the Nigeria stock exchange (NSE) it is important to distinguish the two at this point. While the security exchange commission (SEC) is a statutory body at the apex of the capital market, the Nigeria stock exchange (NSE) is a self-regulatory organization (SRO) under the supervision of the security exchange commission but with delegated power is to ensure smooth operation of the market. The exchange provides facilities for trained in secondary securities thus creating liquidity and ensuring easy transfer of securities in the market it also makes rules and regulations to guide the professional conduct of its member.
1.2 STATEMENT OF THE PROBLEM
Over the years, since the inception of the Nigeria capital market, there has been a lot of changes, growth and problem still facing the market. This study will focus on the changes and effects on the capital market.
1.3 OBJECTIVES OF THE STUDY
The aim of this research work is to:
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.