International records / OpenAlex research

Effects of Capital Market on Economic Development in Nigeria

This study investigated the effects of capital market indicators on economic development in Nigeria, focusing specifically on market capitalisation, interest rates and inflation rates. An ex-post facto research design was employed, and relevant data were sourced from secondary records. The data were analysed using SPSS version 25, with multiple regression analysis applied to determine the relationships between the variables. The findings indicate that market capitalisation does not have a significant effect on Nigeria’s economic development. Similarly, interest rates and inflation rates were f…