Capital market is a market that is rare in the knowledge of most individual. This work is prepared in other to bring the knowledge of this exchange to the door step of each individual.

Chapter one of this works is the introduction which gives hint on capital market and means of achieving its objective, chapter tow is the review of related literature which suggested explanation of capital market, its benefits and impact to the economic growth.

Chapter three is the findings which exposed the problem facing the capital market in Nigeria.

Based on the findings, the researcher made recommendation and conclusion accordingly.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgment

Abstract

Table of content

CHAPTER ONE

Introduction

1.1 Problem statement

1.2 Objectives of the study

1.3 Limitation of scope of study

1.4 Significance of the study

1.5 Definition of terms

CHAPTER TWO

Literature review

2.1 A brief overview on the capital market

2.2 The stock exchange; definition

2.3 Establishment and constitution

2.4 Development and growth

2.5 Functions and importance of the exchange

2.6 Securities and exchange commission and it role / function in the exchange

2.7 Objective of the commission

2.8 The second – tier securities market and the exchange

2.9 Benefits associated with the second – tier security market

2.10 Structural adjustment programme (SAP) role of the exchange

2.11 The stock exchange in operation

2.12 In the primary market

2.13 In the secondary market

CHAPTER THREE

Conclusion and recommendation

3.1 Findings

3.2 Conclusion and its relevance

3.3 Recommendation

3.4 Final conclusion

Bibliography

CHAPTER ONE

INTRODUCTION

The stock market commonly known as the stock exchange is encompassed in the capital market. It is the very core of this market because most activates clamed out revolve around it. It can be described as a place where savers and investors are brought together to trade on securities as a sources of finance it has basically, the same function as any other financial institution which comprises.

The financial system the stock exchange plays an important role in the development of our economy a developed financial system they say is a developed economy.

The primary aim of every nation I believe is to improve the standard of live exiting in the country. How does this need relate to the stock exchange and its activate? Has it been successful in this particular area? It should be borne in mind though that the economy of any country is a very complex issue especially in the case of Nigeria. Since its establishment which way necessary due to some pressing factors, the economy has under gone a lot of drastic changes

1.1 PROBLEM STATEMENT

The importance to a developed economy can never be over – emphasized. An efficient stock market goes a long way in carrying out this function.

This fact not withstanding, we find out that a lot of people in this country are not even aware of the stock market, its function and have it can facilitate the development of the economy.

In an under – developed economy like, the need for this market is paramount if the economy is expect to be improved upon.

Another problem associated with the stock exchange is that of development. Trading on the exchange has not been as extensive as was expected. The development of the economy cannot be ensured if the market itself is not well developed. This problem of not checked will not only defeat the goals of the market but also remove any existing. Confidence in the market