Browsing by Author "Udenwa, Theresa A."

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    IMPACT OF THE CAPITAL MARKET ON NIGERIA’S ECONOMIC DEVELOPMENT
    (Department of banking and finance, nasarawa state university keffi, 2014-10-13) Udenwa, Theresa A.; Umar, Hassan Umar
    The Nigerian capital market as the long-term end of the Nigerian financial system has the potentials to contribute to the development of the economy. The question then which this study sought answers to was: - To what extent has the capitai market been able to accomplish this? Using such variables as per capital income* unemployment rate and poverty rate to estimate economic development within the years 1999 - 2010* it was found that the capital market impacted positively on the country’s economic development. Also it was established that the capital market is facing quite some challenges like poor business environment, corruption and sub-optimal level of transparency which need to be addressed for the market to contribute more toward the country’s economic development.