Capital Market Operation and Nigeria’s Economic Growth

Abstract

"This study empirically assessed the impact of capital market operations on Nigeria's economic growth from 1999 to 2021. The study was carried out to demonstrate the importance of effective capital market operation in the country's economic growth. The study used Ordinary Least Squares (OLS) methods to empirically examine the effect of market capitalization, total new issues, and transaction value on GDP. We tested and validated the hypothesis that capital market operations have a significant impact on Nigeria's economic growth. As a result, the study recommended that the government step up efforts to create a conducive business environment that would allow domestic and foreign investors to invest in the Nigerian capital market, thereby accelerating the country's economic growth."