ABSTRACT
This study/research was necessitated owing to the recent
financial crisis that enveloped the globe, commonly referred to
as the global credit crunch. This crisis came about as a result
of mismanagement of mortgaged that were made available to
the masses abroad specifically the United States of America.
The crisis has its root in a banking practice called sub-prime
lending or supreme mortgage. Even when Banks got to realize
that there was fire on the mountain, they were shy to admit it
because they were scared of being undervalued. Like a wild fire,
the whole globe was enveloped in the crisis. The researcher
made use of secondary data, as many people had views that
varied on the topic or issue.
The research went a long way to
show to what extent the meltdown affected the stock market
capitalization and GDP of Nigeria during the specified period
namely-March 2008 to February 2009, in doing this the
researcher employed the technique namely regression and
correlation analysis. From the study we came to see how
adversely the stock market capitalization was affected whereas
the GDP was not affected as such. More details are seen in the
body of the research work.
