The Nigerian Capital Market. A Performance Analysis

Posted: 14 Apr 2005

Date Written: December 24, 2004

Abstract

This paper has assessed the performance of the Nigerian capital market over the years, from the periods before the deregulation to the present time. It is worth nothing that privatization programme pursued by the government, has had a tremendous impact on the number of securities traded in the market. This has resulted to improvements of other performance indicators of the market. In spite of the improved performance of the market, the market continued to face problems. The small size of the market with only about 195 when compared with that of Egypt 650 and South Africa 642 is inadequate. The capitalization rate is without exception. With tax incentives to listed companies, the number of securities will certainly improved, for example, this was what the government of Ghana and Zambia did to encourage listing of their companies. Similarly, with more effort in the area of creating awareness on the services of the market and compelling companies to seek quotations in the market, the Nigerian capital market can better develop. The companies can also be encourage, towards enhancing the quality of their assets securities, as this will improve their access to long-term liquidity.

Keywords: Capital market, performance

Suggested Citation

Tanko, Professor Muhammad, The Nigerian Capital Market. A Performance Analysis (December 24, 2004). Available at SSRN: https://ssrn.com/abstract=690621

Professor Muhammad Tanko (Contact Author)

Kaduna State University ( email )

Tafawa Balewa Way
P. M. B. 2339
Kaduna State
Nigeria

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