Stock Market Capitalisation and Interest Rate in Nigeria: A Time Series Analysis

Abstract

Obviously for the Nigerian capital market to enhance economic growth and development and compare favourably with those of developed market economies, investors will need to be abreast with the happenings and great benefits of the stock market. In this case a lot depends on considerable control of the interest rate, the degree of freedom permitted the exchange in dealing with pricing of securities, strict maintenance of professional standards and other purposeful innovations.

NESG Economic Indicators Vol. 13 (2) 2007: pp. 36-47