TABLE OF CONTENTS
Title
Certification
Dedication
Acknowledgement
Table of contents
CHAPTER ONE
1.1
Background
of the study
1.2
Statement
of the problem
1.3
Objective
of the study
1.4
Scope
of the study
1.5
Significance
of the study
1.6
Limitation
of the study
1.7
Definition
of terms
CHAPTER TWO
2.1
Criteria
for price determination (stock pricing)
2.2
Problem
of Nigeria capital market
2.3
Criticisms
against the Nigeria capital market
2.4
Survey
of the present regulatory environment
2.5
SEC
guidelines of issuing house
2.6
The
role of underwriting organization in the capital market
2.7
Objective
of the Nigeria stock exchange
Reference
CHAPTER THREE
Research methodology
3.1
Population
of the study
3.2
Sampling
method and size
3.3
Method
of data collection
3.4
Method
of data analysis
3.5
Historical
background of Ilorin stock exchange (SEC)
CHAPTER FOUR
4.1
Data
analysis and presentation
4.2
Data
analysis
4.3
Discussion
of the finding
CHAPTER FIVE
5.1
Summary
of findings
5.2
Conclusion
5.3
Recommendation
Reference
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The
importance of a capital market as a catalyst to economic growth and development
through its ability to mobilize surplus funds for investment purpose has long
been realized. It is not surprising, therefore that countries all over the
world strive to build a solid market with a variety of financial instrument and
dynamic institutions capable of enhancing the “national wealth”.
A capital
market exists to assist in the transfer of funds the excess units savers of the
“deficit” units investment decision marker. Various types of institutions
traditionally play one role or another
in the process of transfer of funds. These include the stock exchange, issuing
houses, stock brokers, share registrars, share distribution agent (e.g.
merchant banks, issue companies, pension funds etc.) the Nigeria enterprises.
Promotion bounds and the Nigeria security and exchange commission. Although all of these institutions perform one
function or over in the transfer process, they are not located in one place.
the capital market may therefore be defined as! The complex of institutions and
mechanizing through which intermediate term funds are pooled and made available
to business, government and individual instruments already outstanding are
transferred (Dougall/Guramnitz 1975).
As distinct
from the many market, the money market provides intermediate and long-term
funds for individuals, business organizations, government (federal and state)
most capital markets are well regulated and facilitators are so vital that
efficiently and effectively. Referred to as market operations are issuing
houses stock brokers, registrar’s investment advisers.
Financial
intermediaries particularly banks and units trust also aid the movement of
funds on the market.
Regulation is
vital for the orderly functioning of any market. Lack of regulation could lead
to general disorder, confusion, Loss of financial wealth and confidence, which
will in turn have for reaching implication in the overall economy. It is for
this among other reasons that regulatory agencies are setup to over see the
market. The two regulatory bodies in Nigeria are the securities exchange
commission (SEC) and the Nigeria stock exchange (NSE) it is important to
distinguish the two at this point. While the security exchange commission
(SEC) is a statutory body at the apex of
the capital market, the Nigeria stock exchange (NSE) is a self-regulatory
organization (SRO) under the supervision of the security exchange commission
but with delegated power is to ensure smooth operation of the market. The
exchange provides facilities for trained in secondary securities thus creating
liquidity and ensuring easy transfer of securities in the market it also makes
rules and regulations to guide the professional conduct of its member.
1.2 STATEMENT OF THE PROBLEM
Over
the years, since the inception of the Nigeria capital market, there has been a
lot of changes, growth and problem still facing the market. This study will
focus on the changes and effects on the capital market.
1.3 OBJECTIVES OF THE STUDY
The
aim of this research work is to:
1.
Comparism
will be made between the Nigeria capital market and it foreign counter parts.
2.
The
distinct role of the securities exchange commission (SEC) and the Nigeria stock
exchange (NSE) could be assessed. Commission prior to the deregulation of the
capital market and what is obtained at present. Also, since the capital market
is a dynamic market of the economic, social and political environment of the
country.
3.
The
study will assess the effect of deregulation on the market. This is been of any
use?
4.
To
recommend based on the findings various method to improve the performance of
Nigeria capital market.
1.4 RESEARCH QUESTIONS
i.
what
are the roles of capital market.
ii.
What
is capitals market
iii.
What
are the function of capital market
iv.
What
are the problem facing in stock exchange on evaluation of share and securities
in Nigeria stock exchange.
1.5 RESEARCH HYPOTHESIS
Ho: H2 the capital market have an effect on share and
securities in Nigeria stock exchange
Hi: H1the capital markets have no effect on share and
securities in Nigeria stock exchange.
1.6 SIGNIFICANCE OF THE STUDY
The study will provide explanations
and reasons why most enterprises are still not quested on the stock exchange.
also , the study will unified the situation of the capital market, it will
identify how the governments, societies, public sectors and academics can
benefits from it through the following points:-
i.
To
create wealth
ii.
An
alternative source of income for government especially.
iii.
It
secure retirement of old aged.
iv.
Deduction
in income tax
v.
Capital
appreciation.
vi.
Rights
to vote during annual general meetings.
Also, The study will offer
suggestions on improvement the end of the research study based on my
conclusion.
1.7 SCOPE AND LIMITATIONS OF THE STUDY
The study will make a fairs
representation of Nigeria capital market especially Nigeria stock exchange
(NSE) and security exchange commission (SEC) moreso, these are various
formulated government policies that support growth and development of
Nigeria capital market, but the study
will in detail deal with those that concern and evaluation of share and
securities dealing in Nigeria stock exchange.
An evaluation of share and securities
dealing capital market for the purpose of the study and within the content of
Nigeria stock exchange will include.
Criteria for prancing determination
(stock princing), stock exchange market security exchange commission and
deresalar the data analysis.
Time as
in all human endure or placed the most serve limitation on the collection of
data. Hardly is there any endeavor its dose of the challenging. Problem, there
has so much difficulty in choosing the topic for this research. Also difficus
was encountered in data collection.
Nigeria
is notorious for lack of data bank and any effort to obtained data is very
excruciating you are virtually forced to move from one source to the over in
endless search for data sources. It commanded so much resources on many hours.
1.8 ORGANIZATION PLAN/
CHARACTERIZATION
Chapter
one is introduction
Chapter
two is literature review
Chapter
three is research methodology
Chapter
four is data presentation and data analysis
Chapter
five is finding, summary, conclusion and recommendation and reference
1.9 DEFINITION OF TERM
Share:- A share is a fixed part of all company’s share
capital the issue of a share certificate is prime farces evidence that the
person named there on is the owner of the share set out in the certificate.
SECURITIES:- this is a document or certificate that is
showing ownership of property especially bonds, stock and shares.
STOCK:- these could be referred to as shares in the capital
of business company.
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