AN EVALUATION OF SHARES AND SECURITIES DEALING IN THE NIGERIA CAPITAL MARKET (A CASE STUDY OF NIGERIA STOCK EXCHANGE FROM 2002-2006)


AN EVALUATION OF SHARES AND SECURITIES DEALING IN THE NIGERIA CAPITAL MARKET (A CASE STUDY OF NIGERIA STOCK EXCHANGE FROM 2002-2006)  

TABLE OF CONTENT

Title

Certification

Dedication

Acknowledgment

Table of content

CHAPTER ONE

1.1 Background of the study

1.2 Statement of the problem

1.3 Objective of the study

1.4 Scope of the study

1.5 Significance of the study

1.6 Limitation of the study

1.7 Definition of terms

CHAPTER TWO

2.1 Criteria for price determination (stock pricing)

2.2 Problem of Nigeria capital market

2.3 Criticisms against the Nigeria capital market

2.4 Survey of the present regulatory environment

2.5 SEC guidelines of issuing house

2.6 The role of underwriting organization in the capital market

2.7 Objective of the Nigeria stock exchange

Reference

CHAPTER THREE

Research methodology

3.1 Population of the study

3.2 Sampling method and size

3.3 Method of data collection

3.4 Method of data analysis

3.5 Historical background of Ilorin stock exchange (SEC)

CHAPTER FOUR

4.1 Data analysis and presentation

4.2 Data analysis

4.3 Discussion of the finding

CHAPTER FIVE

5.1 Summary of findings

5.2 Conclusion

5.3 Recommendation

Reference

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

The importance of a capital market as a catalyst to economic growth and development through its ability to mobilize surplus funds for investment purpose has long been realized. It is not surprising, therefore that countries all over the world strive to build a solid market with a variety of financial instrument and dynamic institutions capable of enhancing the “national wealth”.

A capital market exists to assist in the transfer of funds the excess units savers of the “deficit” units investment decision marker. Various types of institutions traditionally play  one role or another in the process of transfer of funds. These include the stock exchange, issuing houses, stock brokers, share registrars, share distribution agent (e.g. merchant banks, issue companies, pension funds etc.) the Nigeria enterprises. Promotion bounds and the Nigeria security and exchange commission.  Although all of these institutions perform one function or over in the transfer process, they are not located in one place. the capital market may therefore be defined as! The complex of institutions and mechanizing through which intermediate term funds are pooled and made available to business, government and individual instruments already outstanding are transferred (Dougall/Guramnitz 1975).

As distinct from the many market, the money market provides intermediate and long-term funds for individuals, business organizations, government (federal and state) most capital markets are well regulated and facilitators are so vital that efficiently and effectively. Referred to as market operations are issuing houses stock brokers, registrar’s investment advisers.

Financial intermediaries particularly banks and units trust also aid the movement of funds on the market.

Regulation is vital for the orderly functioning of any market. Lack of regulation could lead to general disorder, confusion, Loss of financial wealth and confidence, which will in turn have for reaching implication in the overall economy. It is for this among other reasons that regulatory agencies are setup to over see the market. The two regulatory bodies in Nigeria are the securities exchange commission (SEC) and the Nigeria stock exchange (NSE) it is important to distinguish the two at this point. While the security exchange commission (SEC)  is a statutory body at the apex of the capital market, the Nigeria stock exchange (NSE) is a self-regulatory organization (SRO) under the supervision of the security exchange commission but with delegated power is to ensure smooth operation of the market. The exchange provides facilities for trained in secondary securities thus creating liquidity and ensuring easy transfer of securities in the market it also makes rules and regulations to guide the professional conduct of its member.

1.2 STATEMENT OF THE PROBLEM

Over the years, since the inception of the Nigeria capital market, there has been a lot of changes, growth and problem still facing the market. This study will focus on the changes and effects on the capital market.

1.3 OBJECTIVES OF THE STUDY

The aim of this research work is to:

1. Comparism will be made between the Nigeria capital market and it foreign counter parts.

2. The distinct role of the securities exchange commission (SEC) and the Nigeria stock exchange (NSE) could be assessed. Commission prior to the deregulation of the capital market and what is obtained at present. Also, since the capital market is a dynamic market of the economic, social and political environment of the country.

3. The study will assess the effect of deregulation on the market. This is been of any use?

4. To recommend based on the findings various method to improve the performance of Nigeria capital market.

1.4 RESEARCH QUESTIONS

i. what are the roles of capital market.

ii. What is capitals market

iii. What are the function of capital market

iv. What are the problem facing in stock exchange on evaluation of share and securities in Nigeria stock exchange.

1.5 RESEARCH HYPOTHESIS (HO/HI)

Ho: H2 the capital market have an effect on share and securities in Nigeria stock exchange

Hi: H1the capital markets have no effect on share and securities in Nigeria stock exchange.

1.6 SIGNIFICANCE OF THE STUDY

The study will provide explanations and reasons why most enterprises are still not quested on the stock exchange. also , the study will unified the situation of the capital market, it will identify how the governments, societies, public sectors and academics can benefits from it through the following points:-

i. To create wealth 

ii. An alternative source of income for government especially.

iii. It secure retirement of old aged.

iv. Deduction in income tax

v. Capital appreciation.

vi. Rights to vote during annual general meetings.

Also, The study will offer suggestions on improvement the end of the research study based on my conclusion.

1.7 SCOPE AND LIMITATIONS OF THE STUDY

The study will make a fairs representation of Nigeria capital market especially Nigeria stock exchange (NSE) and security exchange commission (SEC) moreso, these are various formulated government policies that support growth and development of Nigeria  capital market, but the study will in detail deal with those that concern and evaluation of share and securities dealing in Nigeria stock exchange.

An evaluation of share and securities dealing capital market for the purpose of the study and within the content of Nigeria stock exchange will include.

Criteria for prancing determination (stock princing), stock exchange market security exchange commission and deresalar the data analysis.

Time as in all human endure or placed the most serve limitation on the collection of data. Hardly is there any endeavor its dose of the challenging. Problem, there has so much difficulty in choosing the topic for this research. Also difficus was encountered in data collection.

Nigeria is notorious for lack of data bank and any effort to obtained data is very excruciating you are virtually forced to move from one source to the over in endless search for data sources. It commanded so much resources on many hours.

1.8 ORGANIZATION PLAN/ CHARACTERIZATION  

Chapter one is introduction

Chapter two is literature review 

Chapter three is research methodology

Chapter four is data presentation and data analysis

Chapter five is finding, summary, conclusion and recommendation and reference

1.9 DEFINITION OF TERM

Share: - A share is a fixed part of all company’s share capital the issue of a share certificate is prime farces evidence that the person named there on is the owner of the share set out in the certificate.

SECURITIES:- this is a document or certificate that is showing ownership of property especially bonds, stock and shares.

STOCK:- these could be referred to as shares in the capital of business company.

.

AN EVALUATION OF SHARES AND SECURITIES DEALING IN THE NIGERIA CAPITAL MARKET (A CASE STUDY OF NIGERIA STOCK EXCHANGE FROM 2002-2006)



TYPE IN YOUR TOPIC AND CLICK SEARCH.




TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.