THE TIME SERIES ANALYSIS OF IMPACT OF CAPITAL MARKET DEVELOPMENT ON THE GROWTH OF THE NIGERIAN ECONOMY

Abstract

The effectiveness and growth of the capital market in Nigeria's economy is a problem that has been assumed to recent an intractable dimension. The concept market is one of the compartments of the financial system that promotes harm and investment in an economy. The stock exchange market is one of the key institutions of the capital market, a network of individuals, institutions, and instruments involved in the effective channeling of funds from the surplus to the deficit economic unit. The question of whether a market has undergone growth and development or not cannot be adequately answered by simply ‘Yes or No’ there are some issues to be addressed. The main purpose of this study is to show how investors can dissever when a market has attained growth and development for their top investors to know the correctness of a price, which depends on the use of the information at the time of the price decision. Finally, the study is designed to cover the practical and theoretical areas of the stock market. The study is about the market and how effective it is in setting prices, which reflect the worth of the securities, traded in the market.