THE ROLE OF THE STOCK EXCHANGE MARKET IN THE ECONOMY. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
The research into the role of the Nigerian stock exchange market can be emphasized due to its roles. However, those roles are meant to be a strong and very important sources of capital in the capital market for the development of the West African sub-region. But though there are important role performed by the organization, there are certain problems militating against the growth and development of the Nigerian stock exchange market such as: unstable market growth, low level of income saving, corruption, inflation of market peace and lack of interest. Those and many more have made the NSEM to lose focus, thereby causing a downward movement of the economy.
Conclusively, from the above, efforts were to ensure that reliable and valid data are gathered for this empirical study thus to know the objectives, function, Activities and make positive suggestions on how to resolve the prevailing situation in the NSEM.
1.1 BACKGROUND OF THE STUDY
The stock exchange is a vital economic institution. The height of development the world has attained makes the stock exchange market services indispensable. The SEM is seen as a vehicle of fund mobilization and the development of local capital in Nigeria. It provides the facilities that make it possible for buyers and sellers to meet. Perhaps, An example of a stock exchange market is the Lagos stock exchange established in 1961 through the Act of parliament as a result of the need for a market for the selling and buying of securities. The stock exchange market is meant to be a strong and very important source of capital in the capital market for the development of the West African sub-region.