HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN.
The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a dailly bases. it is an institution that has a prominent role to play in the economic development of nigeria. The need to mobilize financial resources by government can not be over emphasized as the country development need for outstripped Its revenue generation capacity. Experience in Nigerian has shown that revenue from taxation and statutory allocation alone are not sufficient to finance the current and capital expenditure of most government of the federation. It is therefore imperative for them to look for other sources of capital inflows to close their resources gaps.
As a matter of fact the need to finance growing budgets deficits from 1958 and the deteriorating balance of payment form the year 1950
Were some of the consideration for government support of the business community in setting up the lagos stock exchange in 1977 the stock exchange was also inspired by government due to the understanding that a viable capital market could be relied upon to finance industrial development in particular and nation economic growth in general on the other hand the money market represent the short-term end of the nation. Financial market comprising essentially
Short-term loans and obligations with maturely of about a year it is an institutional arrangement through which individuals and institution with temporary surplus funds meets borrowers who have temporary funds shortages. The money market to manage liquidity. Therefore, one of the working capital needs of companies and to provide government with short-term funds in lice of tax collection.
The capital market on the other hands is the section of the financial statement which provides medium of business and government. Reusing of funds in the capital market makes the construction of factories, office building, highway, bridges and acquisition of machine possible an efficient capital market they are mobilizes the nations capital resources and allocate them for the overall growth of the economy. If capital resources are not provided to these economic arrears, especially industries, where demand is growing and which are capable of increasing production and productivity the rate of expansion of the economy will definitely suffer
OTHER SIMILAR ACCOUNTING PROJECTS AND MATERIALS
AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)
CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »
A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)
ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »
APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA
2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »
ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA
ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »
ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)
THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »
ASSESSMENT OF THE EFFECTIVENESS OF ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION (A CASE STUDY OF PZ CALABAR)
The effectiveness of accounting information as a tool for management decision cannot be over emphasized. Accounting keeps the financial score for a business, it call attention to the problem and the o...Continue reading »
What are looking for today?
THE EFFECT OF TREASURY SINGLE ACCOUNT ON THE ECONOMY OF NIGERIA
25,578 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
12,966 people found this useful
PARTY SYSTEM AND NIGERIA POLITICAL DEVELOPMENT
10,939 people found this useful
THE CHALLENGES OF BUDGET IMPLEMENTATION IN NIGERIA
8,941 people found this useful
FACTORS AFFECTING LANGUAGE CHOICE IN A MULTILINGUAL SOCIETY
8,063 people found this useful
THE ROLE OF CO-OPERATIVE SOCIETIES TOWARDS DEVELOPMENT OF RURAL COMMUNITIES IN NIGERIA.
6,552 people found this useful