ANALYSIS OF THE OPERATIONS OF THE NIGERIAN CAPITAL MARKET
TABLE OF CONTENTS
Title page-Â Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â —Â Â Â Â Â Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â i
Declaration     -      -      -      -      -      -      -      -      -      ii
Approval -      -      -      -      -      -      -      -      -      -      iii
Dedication      -      -      -      -      -      -      -      -      -      iv
Acknowledgement   -      -      -      -      -      -      -      -      v
Abstract  -      -      -      -      -      -      -      -      -      -      vii
Table of contents-Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â viii
CHAPTER ONE – Introduction
1.1  Background of the study -      -      -      -      -      -      1
1.2Â Â History background of Nigerian Stock Exchanged
Market in Nigeria    -      -      -      -      -      -      -      3
1.3Â Â Objective of the study -Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 8
1.4Â Â Statement of General Problems-Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 9
1.5  Background of the Subject Matter  -      -      -      -      10
1.6Â Â Rational for the study-Â Â Â Â –Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 11
1.7  Scope of the study  -      -      -      -      -      -      -      12
1.8Â Â Statement of hypothesis–Â Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 12
1.9  Definition of terms  -      -      -      -      -      -      -      13
CHAPTER TWO– Review related literature
- Introduction    -      -      -      -      -      -      -      -      14
- The Nigerian securities and Exchange Commission -Â Â Â Â Â Â 17
- Evaluation Stock Exchange Commission Activities in
Nigeria    -      -      -      -      -      -      -      -      -      19
- The role of the capital market -      -      -      -      -      21
- Ideal environment for efficient capital market -      -      22
- The Nigerian Stock Exchange Operation -      -      -      23
- Trading procedure in Nigeria Stock Exchange -Â Â Â Â Â Â -Â Â Â Â Â Â 26
- The Issuing Houses practice   -      -      -      -      -      29
- The Unit Trust -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 34
- The Problems of the Nigerian Capital Market  -      -      35
CHAPTER THREE – Research Methodology
3.0  Introduction    -      -      -      -      –    -      -      -      43
3.1  Research approaches used     -      -      -  Nigerian Capital Market     -      -      43
3.2Â Â Justification for approach used-Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 43
33   Instrument used-    -      -      -      -      -    Nigerian Capital Market  -      -      44
3.4Â Â Research population and sample size-Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 45
3.5Â Â Sampling procedure employed -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 45
3.6Â Â Justification for sample procedure and sample size-Â Â Â Â Â Â -Â Â Â Â Â Â 46
3.7  Statistical techniques used in Analysis the data.    -      46
CHAPTER FOUR – Presentation and analysis of Data
4.0Â Â Introduction -Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 48
CHAPTER FIVE – Summary, Conclusion and Recommendations
- Introduction -Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â -Â Â Â Â Â Â 55
- Summary of finding        -      -      -      -      -      -      55
- Conclusion     -      -      -      -      -      -      -      -      55
- Recommendations  -      -      -      -      -      -      -      56
References      -      -      -      -      -      -      -      -      58 Â