ABSTRACT
This work is designed to assess the Nature of capital
market, its significance, mode of operation, its contributory functions in
general and narrowly in Nigeria
contact. The problems associated with
the development of capital market in developing countries using Nigeria
as an example.
TABLE OF CONTENTS
TITLE PAGE II
APPROVAL PAGE III
DEDICATION IV
ACKNOWLEDGEMENT V
ABSTRACT
CONTENTS VI
CHAPTER ONE
1.1 INTRODUCTION 1
1.2 STATEMENT OF PROBLEM 2
1.3 OBJECTIVES OF STUDY 3
1.4 SIGNIFICANCE OF STUDY 4
1.5 SIGNIFICANCE OF STUDY 4
1.6 LIMITATIONS OF STUDY 5
CHAPTER TWO
LITERATURE REVIEW 6
2.1 ORIGIN OF NIGERIA
CAPITAL MARKET 6
2.2 FUNCTIONS OF CAPITAL MARKET 10
2.3 PROCEDURE FOR PURCHASE AND SALES OF STOCK DEALING PRICE
FIXTURE 12
2.4 CALL OVER PROCEDURE 13
CHAPTER THREE
RESEARCH DESIGN OF METHODOLOGY
3.1 SOURCES OF DATA 18
3.2 LOCATION OF DATA 18
3.3 METHOD OF DATA COLLECTION 19
CHAPTER FOUR
FINDINGS 20
CHAPTER FIVE
SUMMARY
5.1 CONCLUSIONS 22
5.2 RECOMMENDATIONS 22
BIBLIOGRAPHY 24
CHAPTER
ONE
1.1 INTRODUCTION
A capital market is a
complex institution comprising of regulators, facilitators, issuers and
investors. It is the mechanism through
which long term funds for households, firms and government are polled and made
available to various sectors of the economy, including transfer of instrument
already outstanding. The capital market
on the other hand, deals with long term financial claims and obligations. It provides the necessary facilities for
users and supplier of capital (Longterm) funds to interact for their mutual
benefit. Hence most financial activities
which are necessary in the investment process are consummated in that
market. Capital market instruments have
long-term maturity. Some like equity stock
have indefinite maturity dates. In
general, all financial transactions which involve maturity periods of over
three years could be presumed to belong to the capital market it also has no
confined place for its operation however, parts of the market are concentrated
in certain well-known centers.
Participants in the market are businessmen, government at all levels,
financial intermediaries and private investors.
In this market buyers are more specific about their requirements.
1.2 STATEMENT OF PROBLEM
Capital
market is a market that deals with long term funds and procedure for financing
long-term investments. it is also a
market where by small business cannot benefit because of its high interest
rate.
I want to
investigate on some of the problems that hinders the promotion of capital
market in Nigeria,
also the corrective measure which could be used in solving these problems.
Some of the problems the researcher intends to research
are:
a.
Dearth in securities
b.
Lack of adequate
publicity
c.
Retention attitude
d.
Low savings
e.
Lack of interest in
securities
Some of the corrective measures that could be adapted to
resolve the problem are:
a.
Education on the
important of buying
b.
Government helping to
increase the standard of living in Nigeria.
c.
High interest rate
should be implemented
d.
Establishment of more
quoted companies that will participate is selling of securities
1.3 OBJECTIVES OF THE STUDY
The
main aim of the study is to find out how capital market institutions can detect
and control some of these problems in issuing of securities to the public for
the improvement of capital market in Nigeria.
Some
objective of this study are:
1. To draw a clear picture of the nature capital market, its
significance to economic growth and development of the economics.
2. To know the causes of these problems facing them.
3. To identify the implication of these problems in our
economic.
4. To profer the possible solution to the problem.
1.4 SIGNIFICANCE OF THE STUDY:
The study
will be immensely beneficiary to the institution under study. The findings of the research work together
with its conclusion and recommendation will be of importance in the regard to
future researchers. It is also hoped
that it will serve as a basis for further academic adventures.
The relief
of these problems should improve capital market in our country.
These will also increase move surplus funds in economic
development.
These will attract foreign capital inflows in Nigeria.
1.5 LIMITATIONS OF THE STUDY
This study
centered in knowing what the capital market is all about and narrowly examining
the operation of capital market in developing countries using that of Nigeria
economy.
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