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The Capital Market And The Challenges Of Real Sector Financing In Nigeria.
[A STUDY OF THE PERIOD 2000-2009] -
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INTERPRETATION OF TABLE TABLE 4.1C
(i) Above shows the NSE Market Capitalization for the period under study.
In year 2000, the market capitalization has increased steadily for the period under study. The years 2007 and 2008 witnessed geometric growth in market capitalization with values of N13.295 trillion and N9.56 trillion (that is, 159.67 percentage growth for 2007) Also, the table shows that market capitalization of the Nigerian Stock Exchange was effected by the market instability witnessed in the Stock Exchange in the period 2008 and 2009. Hence, market capitalization dropped from the peak value of N13.295 trillion in 2007 to N9.56 trillion in 2008 and N7.03 Trillion in 2009 (that is, a percentage depreciation of 28.09 percent and 26.46 percent).
From the table above;
Government stock: Showed reduction in number of such stock in the years 2001, 2002, and 2008. (that is, a declining rate of 87 8.3%, 9.1% and 21.6% and 21.6%. The other years witnessed increase in the number available at the Stock Exchange with year 2005 and 2006 having 35.3% and 95.7% growth. Industrial Loan Stock: This variety of financial debt instrument has been on consistent decline in terms of number available at the Stock Exchange for the period under study. The implication of this is that investors are denied the opportunity of choosing from a variety of such investment instrument but instead, their choice is confined to only the few available. This does not make for a robust stock market.
EQUITY SECURITIES: The equity securities instrument has been on a steady growth in terms of number of securities available in the market. It also dominates in term of number of financial securities relative to total securities traded on the exchange. For example, in year 2008, the total securities in the market is 299, out of this number, equity securities instrument consist of 213 (that is, 71.24%).
4.2 PRESENTATION AND ANALYSIS OF THREE SELECTED COMPANIES QUOTED ON THE STOCK EXCHANGE T
he three selected quoted companies for analysis are:
(i) Ashaka Cement Plc
(ii) 7Up Bottling Company Plc 89
(iii) African Petroleum Plc
TABLE 4.2A Table of Analysis of the Selected Quoted Companies Under Study
(iv) Ashaka Cement Plc
(v) 7Up Bottling Company Plc
(vi) African Petroleum Plc
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ABSRACT - [ Total Page(s): 1 ]A B S T R A C T This research work evaluates the effectiveness of the capital market in the mobilization and allocation of funds to productive sectors of the economy. Reviewed the role of the capital market, economic stability, sustainable growth and development of the Nigerian economy. The researcher identified; the objectives, the scope and limitations of the research work. Hypothesis statements to test the validity of the phenomena under investigation were stated and analyzed. A review of var ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTSTITLE PAGE:…………………………………………………………  iCERTIFICATION:…………………………………………………….   iiDEDICATION:…………..………………………………………ââ ... Continue reading---
CHAPTER ONE - [ Total Page(s): 2 ]Hypothesis 3 Ho: (Null Hypothesis): The growth in the value and traded volume of securities quoted on the Nigerian Stock Exchange does not contribute to economic development. Hi: (Alternative Hypothesis): The growth in the value and traded volume of securities quoted on the Nigerian Stock Exchange contributes to economic development 1.4 SCOPE AND LIMITATION OF THE STUDY This study is focused on the analysis of the Nigerian capital market and real sector development in Nigeria using selected fina ... Continue reading---
CHAPTER TWO - [ Total Page(s): 8 ]Prepare adequate guidelines, organize training programmes and disseminate information necessary for the establishment of Securities Exchanges and Capital Trade Points; Register and regulate corporate and individual capital market operators as well as capital market advisers and consultants such as solicitors, accountants, engineers and surveyors; Register and regulate the workings of Venture Capital funds and Collective Investment Schemes, including Mutual Funds; Register rotating savings sche ... Continue reading---
CHAPTER THREE - [ Total Page(s): 2 ]I = Functional independent value.e2 = The proportion of the unexplained variation of xvalues.(y – y)2 = The proportion of the unexplained variable ofy values.However, let GDP = yMkc = xTrue regression line isy = b0 + bix1 + UTranslated intoGDP = b0 + bix1 + UWhere;GDP = Gross Domestic Productbo = Estimate of the true interceptb1 = Estimate of the true ParameterU = Estimate of the true value of the random error term.The formular for b0 is given as:The tx statistics is used when we ha ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 2 ]CHAPTER FIVE 5.0 SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS 5.1 SUMMARY OF FINDINGS The Nigerian Capital Market, most specifically the Nigerian Stock Exchange (NSE) since its establishment in 1960 has existed to provide long term capital to corporate bodies and government for the purpose of Industrial, Socio-Economic and Infrastructural growth and development. The NSE has become an important market in emerging economies such as Nigeria. A review of market indicators such as: - Market C ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCES Journals and other Publications Adedipe, A. (2003): Mainstreaming The Capital Market In National Policy Formulation: A Paper Presented At The 2nd Annual National Conference of Securities And Exchange Commission. Adewumi, W. (1996): Mobilization of Domestic Resources For Economic Development: CBN Economic And Financial Review Volume 34 No.4 December, 1996. Alile, H.I and A.R.Amao (1996): The Nigerian Stock Market In Operation. Nigerian Stock Exchange Review, NSE Lagos. Alile, H ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]A B S T R A C T This research work evaluates the effectiveness of the capital market in the mobilization and allocation of funds to productive sectors of the economy. Reviewed the role of the capital market, economic stability, sustainable growth and development of the Nigerian economy. The researcher identified; the objectives, the scope and limitations of the research work. Hypothesis statements to test the validity of the phenomena under investigation were stated and analyzed. A review of var ... Continue reading---