Stock Market Capitalization And Financial Openess In The Nigerian Economy

CHAPTER ONEINTRODUCTION1.1   AN OVERVIEW OF THE STUDYThe insufficiency of fund for capital investment is a known common factor in every economy especially in developing countries of the world.  In developing countries like Nigeria, the low level of capital investment manifests in high unemployment rate, low productivity and a corresponding low standard of living affects a greater majority of the population.  Providing solution to this problem has been a major investment preoccupation of financial institutions in Nigeria.  Beyond the traditional term loan, bonds, offers and so on, business orga…