Impact Of Capital Market Instability On The Growth Of Nigerian Economy

INTRODUCTIONThe growth and development of an economy, depends greatly on how the country’s capital market thrives. The capital market can be an important facilitator of economic growth (Applegarth, 2004). Osaze (2000) is of the view that the capital market drives any economy to growth and development because the long term growth capital formation stems from it. Economic growth in a modern economy hinges on an efficient financial sector that pools domestic savings and mobilizes foreign capital for productive investments.Based on its importance in accelerating economic growth and development, go…