THE CAPITAL MARKET (STOCK EXCHANGE) AND ITS IMPACT ON THE NIGERIA ECONOMY

This study examines the impact of the Nigerian capital market on economic growth from the period of 1999-2018. The economic growth was proxied by Gross Domestic Product (GDP) while the stock market variables considered include; Market Capitalization (MCAP), All Share Index (ASI), Value of Transactions (VTS), and Total New Issues (TNI). Secondary data was collected from Security and Exchange Commission reports, National Bureau of statistics and Central Bank of Nigeria Statistical Bulletin. Descriptive statistics, Pearson correlation and multiple regression analysis are used to analyze the data