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The Impact Of Stock Exchange In Nigeria Economy
[A CASE STUDY OF NIGERIA STOCK EXCHANGE]
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1.3 RESEARCH QUESTION
What is the meaning of stock exchange?
What are the features of the stock exchange
What are the contributions of stock exchange to the Nigerian economy?
1.4 NEEDS TO THE STUDY
As it has been early started, this project work is to cover the impact played and Nigeria stock exchange in the Nigerian economy. Despite all the problems and difficulties on this study. As reviewed to generate the impact to performing by the stock exchange.
The scope of this study is largely on the impact of the stock exchange. The under development nature of the Nigeria economy, market. It imperatives for the stock exchange to be catalyst for economy growths and development of Nigeria.
The exchange can only perform this rule by essentially catering for long term investment needs for business and government.
However, the main focus is on the examination of the stock exchange over the year and making recommendation of its development of the Nigerian economy.
1.5 STATEMENT OF THE PROBLEM
This research work looks into the problems of stock exchange in Nigerian such as:-
The vigorous listing requirement.
The high positive transition cost of the securities and exchange commission.
The presence of the un-regular information markets the securities law.
It is on a basic of pact that this study is being carried to determine exactly the impact of the stock exchange in the Nigerian economy.
1.6 LIMITATION
The whole part of this research is divided into five main paragraphs on heading, dealing with the specific of this project work.
The introduction deals with about the topic, the Nigeria economy. It examines the impact which stock exchange plays in the Nigerian economy.
The main focus and the limitation of the analysis include the following:-
- To trace the history or stock exchange.
- To highlight the impact of the stock exchange in the economy of the countries.
- To highlight the functions of exchange market.
1.7 DEFINITIONS OF TERMS
It has been earlier stated, this project work is to over the impact played by the stock exchange in the economy. Despite all the term on this study is based on the Nigerian stock exchange and who they are using the terms.
1. Quoted: Are the share quoted on the floor of the stock exchange at a price given e.g. 80k per share.
2. Certification of procession: Is a document or certificate showing ownership of properties.
3. Stocks: Are the money tent to government in return for interest share in the capital of a business company e.g. N500 in the stock or the banks invest once money is a save stock.
4. Stock Holder: Are the people whose business or are the people who invest his money in another business.
5. Stock broker: Are the person whose dealing buying and selling of stocks and shares for people who want to invest money or on the stock exchange.
6. Jobber: Are the members of the stock exchange from list in the publication with current price of stock and shares.
7. Exchange: This is giving and receiving of money from one person or country for that of another relation in value between hands or country used in different countries that rate of exchange is between the naira and dollars or pound etc.
8. Debenture: Is a types of saving bound which offer a fixed rate of interest over a long period.
1.8 RECOMMENDATIONS
The following recommendations are made as a result of the study.
Relaxation of the statutory long requirement for companies to be traded in the stock market.
There should be reduction in most of transaction involved inflation of shares in order to allows companies seek a listing in the exchange.
The Nigeria securities and exchange commission and stock exchange should find ways to deregulating the trading process so that prices quoted for the listed securities can be more indicative of the performance of listed companies.
For a more active stock market there is need to grants stock market brooking license companies.
Investment and saving should be encouraging by the government of the country.
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