IMPACT OF THE NIGERIA STOCK MARKET ON ECONOMIC GROWTH; THE SECURITIES AND EXCHANGE COMMISSION (SEC) IN FOCUS

Nweze Paul Nweze

Abstract


This paper examines the impact of capital market via the operations of securities and exchange commission (SEC) on the growth of the Nigerian economy. Using the augmented dickey-fuller (ADF) unit root was adopted to test the level of integration of the variables which showed stationary. Finding shows that total market capitalization, all share index and total value of transaction are all joint predictor of economic growth and the paper recommended that Government should restore confidence in the capital market by showing true commitment and sincerity of purpose in the capital market probe. The findings recommendation of the investigation panel should fully implement to restore sanity and confidence in the market.


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