THE ROLE OF NIGERIAN STOCK EXCHANGE IN THE DEVELOPMENT OF THE NIGERIAN ECONOMY (A STUDY OF FIRST BANK PLC OKPARA AVENUE ENUGU)

ABSTRACT

In this research work titled “the role of Nigerian Stock exchange in the development of Nigerian economy” with specific reference to First Bank Plc Okpara Avenue Branch Enugu the researcher To evaluate the role of Nigerian stock exchange in the development of Nigerian economy. determined the various activities of Nigerian stock exchange. Examined the instruments of the Nigerian stock exchange. created awareness of mechanics of stock exchange transaction and to increase communication facilities.  Data for the study was sourced from two main sources which include Primary and Secondary sources of data Collection. Primary data: questionnaires and oral interviews were used to collect information from the respondents. Secondary data: journals, and other relevant materials relating to the area of my investigation will be review. Extensive literature review was carried out on the direct literature and indirect literature on books, journals and past works. The research instrument used in this study includes oral interview and questionnaire. The questionnaire is structural as to contain both close and open ended question. Simple tables and percentages were used in treatment of data.  The researcher found out that The Nigerian stock exchange functions as an institution for sourcing capital development through the issues of public debt instruments. It also acts as the capital meeting place for members to buy and sell existing stock and shares and for granting quotations to the new issues through the provision of opportunities for raising new or fresh capital. Based on the findings the researcher recommends that government should enlightened the masses on the need and the importance of the stock exchange in the country.  Government should encourage the establishment of branches office of the stock exchange in all local areas of the federation. Employment of Qualified Staff: Qualified staff should be employed. This is necessary so that the investors will be given efficient services.