IDEAS home Printed from https://ideas.repec.org/a/sae/vision/v1y1997i2p45-54.html

The Nigerian Capital Market in an Era of Privatisation

Author

Listed:
  • Samson E. Edo

    (Department of Economics and Statistics, University of Benin, Benin City, Nigeria.)

Abstract

The Nigerian Capital Market achieved a significant growth during the period of privatisation (1988-1993). Through the process of privatisation, a large volume of shares was transferred from government to individual and institutional investors. The shares were offered for sale through the capital market either by placement or quotation at the Stock Exchange. As a result, the capital market expanded in terms of facilities and activities as shown by various indicators. In the same period, Nigeria entred the global equity market as one of the emerging capital markets in the world. It also became one of only four African capital markts to be so acknowledged. Despite these encouraging developments, its potentials for enhancing economic growth and development are yet to be fully exploited. In view of this, policy recomendations have been proffered to further enhance the capital market in readiness for its role in economic growth and development.

Suggested Citation

  • Samson E. Edo, 1997. "The Nigerian Capital Market in an Era of Privatisation," Vision, , vol. 1(2), pages 45-54, July.
    • Handle: RePEc:sae:vision:v:1:y:1997:i:2:p:45-54
    DOI: 10.1177/09722629X97001002005
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/09722629X97001002005
    Download Restriction: no
    File URL: https://libkey.io/10.1177/09722629X97001002005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Cheru, Fantu, 1992. "Structural adjustment, primary resource trade and sustainable development in sub-Saharan Africa," World Development, Elsevier, vol. 20(4), pages 497-512, April.
    2. Robert A. Mundell, 1962. "The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability," IMF Staff Papers, Palgrave Macmillan, vol. 9(1), pages 70-79, March.
    3. Cho, Y-J. & Khatkhate, D., 1989. "Lessons Of Financial Liberalization In Asia - A Comparative Study," World Bank - Discussion Papers 50, World Bank.
    4. Jaime de Melo & James Tybout, 2015. "The Effects of Financial Liberalization on Savings and Investment in Uruguay," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 3, pages 55-81, World Scientific Publishing Co. Pte. Ltd..
    5. Corbo, Vittorio & de Melo, Jaime, 1987. "Lessons from the Southern Cone Policy Reforms," The World Bank Research Observer, World Bank, vol. 2(2), pages 111-142, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Samson E. Edo, 1999. "Urban Customers' Choice of Bank in Less Developed Countries," Vision, , vol. 3(1), pages 42-47, January.
    2. repec:bcp:journl:v:3:y:2019:i:11:p:83-90 is not listed on IDEAS
    3. IZEVBIGIE Norense John & OGBEIDE Frank Iyekoretin, 2022. "The Case Of Remittances Inflow And Capital Market Sustainability In Nigeria," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(2), pages 38-45, December.
    4. repec:bjc:journl:v:3:y:2019:i:11:p:83-90 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yilmaz Akyüz, 1994. "Libéralisation financière : mythes et réalités," Revue Tiers Monde, Programme National Persée, vol. 35(139), pages 521-555.
    2. Mădălin Viziniuc, 2017. "Potential Gains from Cooperation Between Monetary and Macroprudential Policies: The Case of an Emerging Economy," Eastern European Economics, Taylor & Francis Journals, vol. 55(5), pages 420-452, September.
    3. Brown, Malcolm C. & Crampton, Peter, 1997. "New Zealand policy strategies concerning the funding of general practitioner care," Health Policy, Elsevier, vol. 41(2), pages 87-104, August.
    4. Cheng, Fuzhi & Orden, David, 2005. "Exchange rate misalignment and its effects on agricultural producer support estimates: empirical evidence from India and China," MTID discussion papers 81, International Food Policy Research Institute (IFPRI).
    5. Michael Michaely, 1971. "An Over-all View of Policy Patterns," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 30-70, National Bureau of Economic Research, Inc.
    6. Emizet, Kisangani N. F., "undated". "Zaire after Mobutu A Case of a Humanitarian Emergency," WIDER Working Papers 295326, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    7. repec:spo:wpmain:info:hdl:2441/2082 is not listed on IDEAS
    8. J Pentecost Eric & Ramlogan Carlyn, 2000. "The Savings Ratio and Financial Repression in Trinidad and Tobago," International Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 67-84.
    9. Salim Dehmej & Leonardo Gambacorta, 2019. "Macroprudential Policy in a Monetary Union," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(2), pages 195-212, June.
    10. Svitlana Galeshchuk, 2017. "Technological bias at the exchange rate market," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 24(2-3), pages 80-86, April.
    11. Ian G. Sharpe, 1976. "Sources of Growth of the Australian Money Supply," Australian Journal of Management, Australian School of Business, vol. 1(1), pages 85-106, April.
    12. Berndsen, Ron & Daniels, Hennie, 1994. "Causal reasoning and explanation in dynamic economic systems," Journal of Economic Dynamics and Control, Elsevier, vol. 18(1), pages 251-271, January.
    13. Azam, Jean-Paul, 1999. "Dollars for Sale: Exchange Rate Policy and Inflation in Africa," World Development, Elsevier, vol. 27(10), pages 1843-1859, October.
    14. Hoon, Hian Teck & Phelps, Edmund S., 2007. "A structuralist model of the small open economy in the short, medium and long run," Journal of Macroeconomics, Elsevier, vol. 29(2), pages 227-254, June.
    15. P. D. F. Strydom, 1984. "The New Keynesian Approach to Economic Policy1," South African Journal of Economics, Economic Society of South Africa, vol. 52(3), pages 187-194, September.
    16. John Whalley, 1989. "Recent Trade Liberalization in the Developing World: What is Behind It, and Where is it Headed?," NBER Working Papers 3057, National Bureau of Economic Research, Inc.
    17. V. Sidenko, 2017. "The crisis processes in the EU development: origins and prospects," Economy and Forecasting, Valeriy Heyets, issue 1, pages 7-30.
    18. Thomas,Vinod, 1988. "Issues in adjustment lending," Policy Research Working Paper Series 2, The World Bank.
    19. Vittorio Corbo & Stanley Fischer, "undated". "Lessons from the Chilean Stabilization and Recovery," Documentos de Trabajo 158, Instituto de Economia. Pontificia Universidad Católica de Chile..
    20. Cebenoyan, A. Sinan & Fischer, Klaus P. & Papaioannou, George J., 1995. "Corporate financial structure under inflation and financial repression: A comparative study of North American and emerging markets firms," Global Finance Journal, Elsevier, vol. 6(1), pages 25-45.
    21. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:vision:v:1:y:1997:i:2:p:45-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.