The Contribution of the Capital Market to the Nigerian Economy

The Contribution of the Capital Market to the Nigerian Economy

Development does not occur in a vacuum. A necessary condition for rapid economic development is effective mobilization of resources within the economy of interest for economic development to be rapid, it will be essential to establish effecting tools for mobilization and allocation of financial resources. This is done through the capital market.

Capital market therefore, is a market for sale and purchase of medium and long-term securities the market typically consists of those who have long-term funds on the one hand [Read more…]