The materials on this research project have been systematically presented into five structured chapters.

The genesis of these, chapter one introduces the impact of stock exchange in Nigeria economies. It dwells on the importance of the study and definition of items/terms.

Chapter two critically revises related literature much emphasis on the Nigeria capital market. It looks into the characteristics of Nigeria stock exchange. This chapter further validates the impact of stock exchange in the Nigeria economy.

Chapter three focus more on historical background of the Nigeria stock exchange and data analysis, sampling and populations.

Chapter four is basically on Research question and stock market performance in 2006, value of transaction of Nigeria stock exchange.

In conclusion, chapter five summarized the major finding of research. Furthermore this chapter focuses on conclusion of study and recommended us as suggested based on the finding.


Approval Page





Table of Content


1.1 Background Of The Study

1.2 Importance Of The Study

1.3 Needs To The Study

1.4 Statement Of The Problem

1.5 Limitation

1.6 Definitions of Terms

1.7 Recommendations

1.8 Appendix

1.9 Questionnaire


2.1 Literature Review

2.2 Impact Of The Stock Exchange In The Nigeria Capital Market

2.3 Review Of Some Writer On The Basic For Computation

2.4 The Nigeria Stock Exchange

2.5 Main Characteristics Of The Nigeria Stock Exchange

2.6 The Impact Of The Stock Exchange In The Nation Economy

2.7 Distinction Between Primary And Secondary Segment Of The Capital Market

2.8 Difficulties In The Nigeria Stock Exchange


3.1 Research Methodology

3.2 Development of research Instrument

3.3 Population

3.4 Sampling

3.5 Distribution And Collection Of Data

3.6 Method Of Data Analysis

3.7 Observation


4.1 Data Analysis And Presentation

4.2 Introduction

4.3 Research Question 1

4.4 Research Question 2

4.5 Research Question 3

4.6 Value of Transaction In The Nigeria Stock Exchange


5.1 Summary

5.2 Conclusion

5.3 Recommendation





This impact of stock exchange in the Nigeria economy is the topic of this project work. It examines the impact which the stock exchange plays in Nigeria economy. When we talk of Government securities

1. A market for Government securities

2. A market for private shares

This creates the need for mechanism for selling and buying of securities or shares. The stock exchange with price support at per.

The price of Government stock exchange fixed are sold to buyers according to their needs. The market for private securities.

From government securities e.g more trading is induced.

The exchange is mainly the place for the purchase and sales of securities hared quoted securities. Quoted securities are those which the stock exchange council has agreed may be sold on the exchange only the securities listed or quoted companies are traded on the exchange firm must meet the listed requirement of the stock exchange.

The Nigeria stock exchange started as the Lagos stock exchange in 1960. it commenced the Nigeria stock exchange in 1977 and established in Kaduna and Port Harcourt.

Securities dealt on the stock exchange include industrial e.g debentures, ordinate shared, preference shares, cult edges securities.

The stock exchange is governed by its council which is elected by members of stock exchange.

It performs the following functions:

1. To protect that the rule of the stock exchange are observer by its members.

2. To protect the inverting public. The memberships are three groups which are:


Include those who signed the memorandum of association in 1966 when Nigeria stock exchange was incorporated C.T. saving and CO (Nig) Ltd.

      Investment company of Nigeria Ltd Sir Odum, Akintola Williams and Alhaji Shedu.


       Those admitted on application to the Nigeria stock exchange. These are firms that intend to seek dealing membership or which are in a position to give financial and investment advice to the exchange.


Individual person or firms or co-operate body licensed by the council of the Nigeria stock to deal in stock, shares and all for the time being granted quotation on the Nigeria stock exchange,  Currently, they are mainly firm’s stock brokers.


Despite the tremendous impact played by stock exchange and the benefit operate in the stock exchange market and Nigeria economy enjoy. There is little evidence to show that the stock exchange does not manifest some optimizing characteristic which are very important in the development of capital market and the Nigeria economy as a whole.

The study is relevant and justifiable to the extent that it will after examining its problem, the role and impact of the evaluated and measures that will be sufficiently discussed.

However, the main focus and objectives of the analysis includes the following:

1 To trace the history of Nigeria Stock exchange

2 To highlight the impact of the stock exchange in Nigeria economy

3 To highlight the functions of the stock exchange market to the economy

4 To examine the deficiencies in the stock exchange

5 To make recommendations for the development of the stock exchange in the Nigeria economy.


What is the meaning of stock exchange?

What are the features of the stock exchange?

What are the contributions of stock exchange to the Nigeria economy? 


As it has been early stated, this project work is to cover the impact played and Nigeria stock exchange in the Nigeria economy. Despite all the problems and difficulties on this study. As reviewed to generate the impact to perform by the stock exchange.

The scope of this study is largely on the impact of the stock exchange. The under development nature of the Nigeria economy market it imperatives for the stock exchange to be catalyst for economy growths and development of Nigeria.

The exchange can only perform this rule by essentially catering for long term investment needs of business and government.

     However, the main focus is on the examination of the stock exchange over the year and making recommendation of its development of the Nigeria economy.


This research work looks into the problem stock exchange in Nigeria such as:

1 The vigorous listing requirements.

2 The high positive transition cost of the Securities and Exchange Commission.

3 The presence of un-regular information markets

4 The securities law.

It is on a basic of fact that this study is being carried to determine exactly the impact of the stock exchange in the Nation economy.


The whole part of this research is divided into five main paragraphs on heading, dealing with the specific of this project work.

The introduction deals with the topic, the Nation economy. It examines the impact which stock exchange plays in the Nigeria economy. The stock is mainly the place for the purchase and sale of second quoted securities objectives of this deals with the tremendous impact by the stock exchange and economy enjoy.

The main focus and the limitation of the analysis include the following:

1 To trace the history of stock exchange.

2 To highlight the impact of the stock exchange in the economy of the countries.

3 To highlight the functions of exchange market.


It has been earlier stated, this project work is to discover the impact played by the stock exchange in the economy. Despite all the term on this study is based on the Nation stock exchange and who they are using the terms.

1) QUOTED: Are the share quoted on the floor of the stock exchange at a price given e.g 80k per share.

2) SECURITIES: Is a document or certificate showing ownership of properties.

3) STOCKS: Are the money lent to a government in return for interest share in the capital of a business company e.g N500 in the stock or the banks invest once money is a save stock.

4) STOCK HOLDER: Are people whose business or are the people who invest his money in another business.

5) STOCK BROKER: Are the person whose dealing buying and selling of stock on the stock exchange.

6) JOBBER: Are the members of the stock exchange from whom a stock broker buy and to whom he sells stock list in the publication with current price of stock and share.

7) EXCHANGE: This is giving and receiving money from one person or country for that of another relation in value between lands or country used in different countries the rate of exchange is between the naira and dollars or pounds etc.

8) DEBENTURE: Certification given by a business co-operation etc as receipt for money lent at a fixed rate interest until the principal is repaid.


The following recommendations are made as a result of the study:

Relaxation of the statutory long requirement for companies to be traded in the stock market.

There should be reduction in most of transaction involved inflation of shares in order to allow companies seek a listing in the exchange.

The Nigeria Securities and Exchange Commission and stock exchange should find ways to deregulating the trading process so that prices quoted for the listed securities can be more indicative of the performance of listed companies. For a more active stock market, there is need to grant stock market brooking licence companies. Investment and saving should be encouraging by the government of the country.

Other researcher should be endeavour to go deeper into the study to uncover those parts have not been touch by this study.



RESEARCHWAP.COM is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • " is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • " is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing