Efficiency of the Nigerian Capital Market: Implications for Investment Analysis and Performance
This paper appraises the nature and efficiency of the Nigerian capital market and its implications for investment analysis and performance. It examines the implications of the efficient-market hypothesis and types and levels of market efficiency. Data was collected using a survey questionnaire. A multi-stage and random sampling technique was used to select a sample including four categories of people and firms relevant to the study. Data were analyzed using a Likert scale and descriptive statistics. The null hypothesis was analyzed using a five-point Likert scale with a 5% error term, and the study found that information has contributed to the efficiency of the Nigerian capital market to a great extent. It is therefore suggested that the Nigerian Stock Exchange and the Nigeria Securities and Exchange Commission should be more purposeful and aggressive in educating and enlightening the investing public on the workings and technicalities of the market while also committing to continuous training and retraining of their staff¡£
Volume (Year): 2 (2010)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: 1568 Merivale Rd. Suite # 618, Ottawa, Ontario, Canada K2G 5Y7|
When requesting a correction, please mention this item's handle: RePEc:oul:tncr09:v:2:y:2010:i:1:p:42-51. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Denny Liao)or (Jen Ma)
If references are entirely missing, you can add them using this form.