The Impact Of Capital Market On The Nigerian Economic Growth.(1985-2014)

Background to the Study Business firms, as well as individual units, often need to raise capital. On the other hand, some individuals and firms, even governments have incomes that are greater than their current expenditure, so they have funds available to invest. But only a few individuals and institutions are in the position to provide all forms of finances needed to fund big businesses. The financial system is a framework within which capital formation takes place. In other words, it is the framework within which the savings of some members of the society (surplus spending unit) are made ava…