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The Nigerian Capital Market in an Era of Privatisation

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  • Samson E. Edo

    (Department of Economics and Statistics, University of Benin, Benin City, Nigeria.)

Abstract

The Nigerian Capital Market achieved a significant growth during the period of privatisation (1988-1993). Through the process of privatisation, a large volume of shares was transferred from government to individual and institutional investors. The shares were offered for sale through the capital market either by placement or quotation at the Stock Exchange. As a result, the capital market expanded in terms of facilities and activities as shown by various indicators. In the same period, Nigeria entred the global equity market as one of the emerging capital markets in the world. It also became one of only four African capital markts to be so acknowledged. Despite these encouraging developments, its potentials for enhancing economic growth and development are yet to be fully exploited. In view of this, policy recomendations have been proffered to further enhance the capital market in readiness for its role in economic growth and development.

Suggested Citation

  • Samson E. Edo, 1997. "The Nigerian Capital Market in an Era of Privatisation," Vision, , vol. 1(2), pages 45-54, July.
    • Handle: RePEc:sae:vision:v:1:y:1997:i:2:p:45-54
    DOI: 10.1177/09722629X97001002005
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    References listed on IDEAS

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    1. Jaime de Melo & James Tybout, 2015. "The Effects of Financial Liberalization on Savings and Investment in Uruguay," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 3, pages 55-81, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Samson E. Edo, 1999. "Urban Customers' Choice of Bank in Less Developed Countries," Vision, , vol. 3(1), pages 42-47, January.
    2. repec:bcp:journl:v:3:y:2019:i:11:p:83-90 is not listed on IDEAS
    3. IZEVBIGIE Norense John & OGBEIDE Frank Iyekoretin, 2022. "The Case Of Remittances Inflow And Capital Market Sustainability In Nigeria," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(2), pages 38-45, December.
    4. Enaruna, Dubem Victor & Okene, Anthony Jovwo (ACA), 2019. "The Impact of the Capital Market on Investment in the Real Sector of the Nigerian Economy," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 3(11), pages 83-90, November.

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