Abstract

The Nigerian capital market came into prominence when the Nigerian enterprise decree, which is also known as the indigenous decree was promulgated in 1972, and amended in 1997. The public became aware of the importance especially through the introduction of privatization and the N25 billion capital bases for banks. There is no gainsaying therefore that the Nigerian capital market has come a long way to stay as the powerhouse for mobilizing and allocating long-term capital funds for commerce and industry. This project is set to examine the roles of capital market, which has been machinery for mobilizing private and public savings and making them available for productive investment through shares and stocks. Also it has provided a meeting place for dealing members to buy and sell existing stocks and shares, which is an avenue for raising new capital for investment and development of the economy. The statistics were gotten through the use of primary and secondary data where inference and hypothesis were drawn to arrive at a given conclusion