Money Market on the Nigerian Economic Expansion
Mr. Okpe Innocent Ikechukwu
Department of Accountancy, Enugu State University or college of Science and Technology, Enugu, Enugu State of Nigeria Fuzy
The objective of this kind of study is to examine the effect of money market on the Nigerian economic development; it has been prepared as a contribution to the pursuit of promotion of entrepreneurship because an engine progress. To access the multidimensional function and medium scale businesses in offering rapid industrialisation. The study examine the contribution of money marketplace to the growth of small and channel scale businesses during the period of 1987-2007 with exceptional emphasis on the performance evaluation of the currency markets. The result through the empirical evaluation carried out making use of the ordinary least squares appraisal technique discloses that the Nigeria stock exchange provides contributed to some extent in funding small and medium scale businesses. However , the outlook of the marketplace appears to be dazzling considering the current position with the government and players in the market in the area of ingredients and setup of favourable policies. Yet , the market may assume the expected function of rendering long-term funding for the development of small and medium scale companies in Nigeria if the institutional frameworks leading the effectiveness of the operators are strengthened plus the profound advice by the investigator are carefully implemented. 1 ) Introduction
The success or failure of any economical is hinged on the stability of the economic climate which usually and undoubtedly depend primary on the structure of the capital market of such economic climate in which the Nigerian stock exchange (NSE) occupy the central position of the financial system. It takes on a very essential role inside the general performance of the economy. Currently, majority of Africa financial including Nigeria suffer from economical regression and financial under-development. These illnesses combines...