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Title: Contribution of Nigeria capital market to Economic Development

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Title:
Contribution of Nigeria capital market to Economic Development
Author Name:
OJeh Augustine, Ekwe Mike
Abstract:
This study examines the contribution of the Nigeria capital market by wing market capitalization and all share index. The capital market is the engine of growth and development in modern economies. A right legal and regulatory Framework under a free economy with free enterprise is the spring board for development of this market which is the long term end of the financial market. The absence of a capital market will hamper industrial growth. Data used in this study were obtained from Nigeria stock exchange. The range is between 1998-2013. Ordinary least square (OLS) technique was used to analyse the data. The study showed that Nigeria capital market contribute to economic development by using market capitalization and all share index.
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