THE ROLE OF STOCK EXCHANGE DEVELOPMENT OF CAPITAL MARKET
IN
THE
INTRODUCTION The capital market is a market which deals in long – term loans. It supplies industry with fixed and working capital and finances mediumterm
and long term
borrowing
of the federal, state and local
governments. The capital
market deals in ordinary
stocks and shares and
debentures of corporations and bond and securities of government and it should be noted that the fund which flow into the capital market come from individuals who have savings to invest. In another sense the stock exchange plays an important role in the economy, it determine the economic health of the country
and has a
pivotal role in mobilizing resources for the development of capital market. It is patient to know that the capital market functions through stock exchange market under the stock exchange of every country. A case study of Nigerian stock exchange, the contribution of stock