Nigerian Researchers Forum Enugu State University of Science and Technology, {ESUT), Enugu.
Abstract
This paper empirically looks at the impact of financial market
institutions indices on the economic clcvelopmGnt in Nigeria. Critical
analyses were made, using ordinary least square regression analysis to
test the directional relationships between economic development
vari;1hlcs and financial nwrkct institutions in Nigeria. ;\ nwjor finding
in the research work points out that financial market iostitutions
positively influence all sectors of the economy. In the light of this
finding, it is rcconlliiCIHkd, in the l:1ce of global financial IJICit -down,
that government and participants in the capital market activities should
foster a culture of securities innovation and development that would
play an increasingly large role in deepening the market through the
evaluation of risk -return configuration for issuers, investors nncl the
perception on the direction of the capital markets operations in
Nigeria
