ASTRACT
This study examines the roles, operations and structure of the
Nigerian capital market. It also went ahead to examine the
relationship between capital market development and economic
growth.
Time series data obtained from Central Bank of Nigeria
(CBN) and Nigeria stock Exchange (NSE) were analyzed using
simple regression model. The data set covers annual time series
data from 1990-2005. Results showed that capital market
development indicators like market size, liquidity and efficiency
exert positive influence on Economic growth.
