Academic literature on the topic 'Nigerian Stock Exchange'
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Journal articles on the topic "Nigerian Stock Exchange"
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Daggash, Jibrin, and Terfa W. Abraham. "Effect of Exchange Rate Returns on Equity Prices: Evidence from South Africa and Nigeria." International Journal of Economics and Finance 9, no. 11 (October 7, 2017): 35. http://dx.doi.org/10.5539/ijef.v9n11p35.
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This paper examines the exchange rate returns of the Rand (relative to the US dollar) and the Naira (relative to the US dollar) for the presence of volatility. It also examines the effect of the exchange rate returns on the performance of their respective stock market. While it was found that the returns of the South African Rand was volatile, the Nigerian naira was not. Estimating the effect of exchange rate returns and crude oil price on the stock market indices of both countries showed that exchange rate return have a positive effect on the performance of the Nigerian stock exchange thus, confirming the stock flow hypothesis for Nigeria and refuting same for South Africa. Although the VAR granger causality identifies short run fluctuation of the naira as a significant factor affecting the performance of the Nigerian stock exchange in the short run, the Johannesburg stock exchange was found to be mostly affected by short run changes in the Rand and the UK FTSE 100. The paper concludes that policies aimed at stabilizing exchange rate and encouraing more non-oil stocks to be quoted in the Nigerian stock exchange will important. For the Johanesburg stock exchange, raising the listing requirement for firms quoted in the UK FTSE 100 and also seeking listing or already listed in the JSE will be a plausible idea. For both countries, however, curtailing swings in their exchange rate returns would help attract new investments and sustain existing ones hence, helping to spur growth.
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Nwamaka, Ozuomba Chidinma, Onyemaechi Uchenna, and Ikpeazu Nkechi. "Effect of Globalization on Nigerian Financial Sector." International Journal of Management Excellence 8, no. 3 (April 30, 2017): 991–1003. http://dx.doi.org/10.17722/ijme.v8i3.898.
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The study examined the effect of globalization on the Nigerian financial sector and to ascertain the contribution of globalization on the Nigerian stock exchange and commercial banks. Assets of the Nigerian stock exchange and commercial banks were used as performance indicators. The data used are Nigerian yearly data from 1983 to 2014; the data were analyzed using descriptive statistics, ordinary least square statistical technique, Johannes’s co-integration and error correction mechanism. We used Augmented Dickey-fuller statistics test for stationary. We proxy globalization with degree of openness measured by total trade divided by gross domestic product, foreign direct investment flows, Real Gross Domestic Product, external debt flows, nominal exchange rate and gross capital formation. Two null hypotheses were formulated and were tested. They were rejected based on overall significant of models using F statistics at 5 percent level of significance. The result of our estimate based on overall significant of models using F statistics at 5 percent level of significance shows that Nigerian financial sector as a whole has benefited from globalization. Some of the globalization proxy variables take out a priori signs while some did not. However, the foreign direct investment flows and Real Gross Domestic Product affected the performance of the Nigeria Stock Exchange and commercial banks positively while degree of openness, external debt flows, nominal exchange rate and gross capital formation affected the Nigeria stock exchange and Commercial Banks negatively. This shows that Nigerian foreign trade is low. External debt flow has a negative effect on the Nigerian stock Exchange and positive on commercial banks. Nigeria should discourage external loans. Gross capital formation and external debt flows affected the Nigeria stock exchange negatively. We therefore recommend that the recent re-capitalization and debt recovery exercise and monitoring macroeconomic stability be encouraged to gain confidence by investors in the financial sector.
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Adegboyega, Bidemi S. "Inflation and Stock Returns: Implication for Nigerian Stock Exchange Market." AGOGO: Journal of Humanities 6 (February 15, 2021): 1. http://dx.doi.org/10.46881/ajh.v6i0.231.
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Understanding various hypotheses often dictates the nexus between inflation and stock returns and over the years studies have failed to establish which among these hypotheses are examined in Nigeria. Therefore, this present study examines the long-run relationships and dynamic interactions between stock returns and inflation in Nigeria using quarterly data of the All Share Price Index from the Nigerian Stock Exchange and Inflation rate together with other selected macroeconomic variables such as interest rate, exchange rate and growth in real GDP from 1985Q1 to 2018Q4. The analytical technique of Vector Error Correction Model, Johansen Co-integration technique and Granger Causality test were exploited. From the results, it is evident there exists a long run relationship between stock returns and inflation in Nigeria. The short run dynamic model also revealed that the speed of convergence to equilibrium is moderate implying that there is a short run relationship between stock returns and inflation. However, in order to establish the causal links and its directions between inflation rate and stock returns, the Johansen co-integration shows that there exist a unidirectional relationship between stock return and inflation rate. This is attributable perhaps to the instability of prices of stocks noticed over time and also the study supported the Proxy hypothesis. Based on the above, it is a perfect avenue for investors to use in an attempt to hedge against inflation.
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Adebowale, Edward Adedoyin, and Akindele Iyiola Akosile. "Interest Rate, Foreign Exchange Rate, and Stock Market Development in Nigeria." Binus Business Review 9, no. 3 (December 1, 2018): 247–53. http://dx.doi.org/10.21512/bbr.v9i3.4941.
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This research investigated the effect of interest rate and foreign exchange rate on stock market development in Nigeria. This research was centered on two research problems. First, it was whether interest rate had a significant effect on stock market development in Nigeria. Second, it was whether foreign exchange rate had a significant impact on stock market development in Nigeria. The scope of the research covered the period from 1981 to 2017. Data for this period were chosen because it covered pre and post-liberalization periods of Nigerian financial system. This research made use of ex post facto research design. Secondary data were sourced from Nigerian Stock Exchange reports, Central Bank of Nigeria statistical bulletins, and National Bureau of Statistics publications. Data were collected on Stock Market Capitalization (SMC), Prime Lending Rate (PLR) and Real Exchange Rate (RER) (Nigerian Naira in relation to American Dollars of the United States). Data analysis was carried out with Ordinary Least Squares (OLS) and Cochrane-Orcutt Iterative techniques. The findings reveal that interest rate has a significant negative effect, and foreign exchange rate has a significant positive effect on Nigerian stock market development during the period covered. It is suggested that monetary authorities should strive to formulate policies that will make interest and foreign exchange rates stable, competitive, and at a level that will stimulate the investment of funds in the stock market.
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Ejem, Chukwu Agwu, Udochukwu Godfrey Ogbonna, and Godwin Chigozie Okpara. "Efficient Market Hypotheses Controversy and Nigerian Stock Exchange Relations." American International Journal of Economics and Finance Research 2, no. 1 (June 30, 2020): 1–13. http://dx.doi.org/10.46545/aijefr.v2i1.192.
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This study; Nigerian Stock Exchange and Efficient Market Hypothesis was done using All Share Index (ASI) with daily data from January 02, 2014 to May 20, 2019 (1333 observations) and annual data from 1985 to 2018 (34 observations) collected from the Nigeria Stock Market fact books. The study employed three analytical methods namely the unit root test, GARCH Model and the Autocorrelation cum patial autocorrelation method for the assessment of weak form hypothesis on the daily and annual all share index in the Nigerian Stock market. The results of these evaluations indicated a significant relationship between the price series and their lagged values implying that stock price series do not follow a random walk process in Nigerian stock market. Thus, affirming that the Nigeria Stock Exchange is not efficient in weak form. In the light of this, the researchers recommend that the supervisory and regulatory authorities should strengthen the Nigerian Stock Market through palliating its regulations pertaining to transparency of information management rules such as market barriers and stringent listing requirement, publication of accounts, notices of annual general meeting and the like.
JEL Classification: C1, C4, E6, G1
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Osamwonyi, Ifuero Osad, and Osazee G. Omorokunwa. "Presidential Election and Portfolio Selections in the Nigeria Stock Exchange." International Journal of Financial Research 8, no. 4 (September 14, 2017): 184. http://dx.doi.org/10.5430/ijfr.v8n4p184.
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This study seeks to investigate the effect of presidential elections on investors’ portfolio selection in Nigeria from 2003 to 2011. The regression analysis was used to identify the effects that election could have on stock prices in the country, while event study was applied to investigate the focused effects of election event on portfolio selection in the Nigerian stock exchange. Price index for high and medium capitalization stocks were used in the analysis. The study showed that there were low returns performance in the stock market during elections and that elections events have strong (generally) negative effects on abnormal returns for the selected companies in the Nigerian Stock Exchange. In addition, the study showed a negative relationship between the return and risk behaviour of selected companies and election announcement in Nigeria. It is recommended that government and relevant authorities should increase the surveillance of both the market and political system prior to the presidential election in order to curtail the instability during this period.
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Abdullahi, Shafiu. "Measuring Co-Movements and Linkages between Nigeria and the UAE Stock Exchanges: Is there Opportunity for Portfolio Building?" Journal of Advanced Research in Economics and Administrative Sciences 1, no. 2 (November 8, 2020): 106–22. http://dx.doi.org/10.47631/jareas.v1i2.124.
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Purpose: The main objective of this study is to examine the relationship between Nigerian Stock Exchange and Dubai stock exchange with the aim of finding out the direction of movements between their respective indices. Approach/Methodology/Design: The methodology adopted for the analysis is ARDL cointegration model and the Generalized Method of Moment (GMM). This is because of their known efficiency in detecting patterns between variables. Findings: The result of the short-run analysis using GMM shows that there is existence of short-run causality between the Dubai financial market (DFM) and the Nigerian stock exchange (NSE). Thus, for investors looking for short- run arbitrage opportunity between the markets, they shall look elsewhere. But, the result of bound testing has shown lack of cointegration between the two markets. This is a sign of existence of opportunities for portfolio diversification between Nigeria stock exchange and Dubai financial market, since the two markets are not cointegrated in the long-run. Practical Implications: The study helps bridge the empirical literature gap in stock market integration and portfolio diversification with reference to the Nigeria and UAE. It will, therefore, guide local and foreign investors with interest in Nigeria and UAE Stock Exchanges. It will also guide Nigerian and UAE policy makers to understand the market better, especially as it concerns financial contagion. Originality/value: This study provides further evidence on stock market integration in emerging markets. New researches shall adopt different methodology such as use of volatility tracking models to measure volatility linkage between the markets.
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Najaf, Rabia, and Khakan Najaf. "AN EMPIRICAL STUDY ON THE DYNAMIC RELATIONSHIP BETWEEN CRUDE OIL PRICES AND NIGERA STOCK MARKET." International Journal of Research -GRANTHAALAYAH 4, no. 9 (September 30, 2016): 157–69. http://dx.doi.org/10.29121/granthaalayah.v4.i9.2016.2550.
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In this paper, we have examined the crude oil price on the performance of Nigerian stock exchange and exchange rate act as the plausible countercyclical tool .we have applied the different models and collected the results that crude oil prices have direct impact on the stock exchange of Nigeria. The Nigeria stock exchange is regulated by the Securities and Exchange Commission .Nigeria stock exchange has the automated trading system. The basic facility of Nigeria trading system is (ATS),it is helpful to remote trading system.Consequently, most of the investorsdo trade with the method of ATS.This study is also proving that Nigeria stock exchange has influenced on the performance of the economy, Impact of oil crisis on the Nigeria stock exchange, Impact of crude oil crisis on the development of country, Effect of exchange rate policy on the performance of Nigeria stock exchange.
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Ijeoma, Ngozi. "The effect of global financial crisis on the perfor-mance of Nigerian stock exchange." International Journal of Accounting and Economics Studies 5, no. 1 (March 18, 2017): 46. http://dx.doi.org/10.14419/ijaes.v5i1.7344.
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This study assessed the effect of the Global Financial Crisis on the Nigerian Stock market from 2004 to 2013. The objectives of the study include to ascertain the effects of the Global Financial Crisis on the market capitalization of the Nigerian Stock Exchange, to examine the effects of the Global Financial Crisis on the volume and value of shares traded on the floor of the Nigerian Stock Exchange, and to determine the effects of the Global Financial Crisis on the number of listed companies on the Nigerian Stock Exchange. Secondary source of data collection from the Nigerian Stock Exchange was employed. The statistical tools used in this study is the Kruskal-Wallis test. The result of the analysis found that global financial crisis has no significant effect on market capitalization in the Nigerian Stock Exchange. It was equally found that global financial crisis has no significant effect upon the value of shares traded on the floor of the Nigerian Stock Exchange. Findings of the study revealed that there exist no significant relationship between the Global Financial Crisis, and the volume of shares traded on the floor of the Nigerian Stock Exchange. In addition, it was found that there exist no significant relationship between the Global Financial Crisis and number of listed companies in the Nigerian Stock Exchange.
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Njogo, Bibiana, Jaiyeoba Oladele, and Oladotun Mabinuori. "Investors’ sentiment and stock trading in the Nigerian capital market." Caleb International Journal of Development Studies 3, no. 2 (November 30, 2020): 236–48. http://dx.doi.org/10.26772/cijds-2020-03-02-014.
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This study examined the relationship between investors sentiment and stock trading for thirty listed firms in Nigeria, covering periods of 2015-2019. This study comes at a time when behavioral economics gains larger interest in investment decision. This school of thought dismisses the assertion of neoclassical economics that markets are efficient;, hence they cannot be beaten by consistently earning abnormal profits. Two research objectives were formulated for the study, which borders on determining whether investors’ sentiment affects stock trading of corporate firms in Nigeria, and whether investors’ sentiment affect trading stocks for industries in Nigeria differently. Data for the study were sourced from banking, manufacturing, and insurance sectors of the Nigerian Stock Exchange. Fixed effect regression was used to analyse the effect of investors’ sentiment on stock trading. The Analysis of Covariance was used to examine whether investors’ sentiment differently affect trading stocks for different sector in Nigeria. The results obtained showed that investors’ sentiment exerts significant impact on stock trading of the firms investigated, and it is used to affect trading stocks for industries in Nigeria differently. The study recommends that investors should make use of fundamental analysis and technical analysis to trade stocks. Keywords: Behavioural economics, efficient market hypothesis, Investors’ sentiment, neoclassical economics, and stock trading.
Dissertations / Theses on the topic "Nigerian Stock Exchange"
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Suleiman, Hassan. "Oil price shocks, exchange rate dynamics and stock market behaviour : empirical evidence from Nigeria." Thesis, Abertay University, 2012. https://rke.abertay.ac.uk/en/studentTheses/239cb4ff-47e7-4512-a187-1cf3ec6e99bd.
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This thesis explores the relationship between oil price shocks, exchange rate dynamics and stock market behaviour in Nigeria using a variety of econometric specifications. The response of exchange rates and stock markets to oil price fluctuations is an issue of great interest to policy makers, monetary authorities and investors in both oil exporting and oil importing economies. Despite over 30 years of empirical research, there is still no consensus on their relationship, in addition there have been limited empirical efforts exploring this relationship for Nigeria. First, the thesis applies a Multivariate Vector Error Correction Model (VECM) and a Structural Vector Autoregression (SVAR) to investigate the interaction between real oil price, real exchange rate and productivity differentials. On the one hand results from the VECM suggest that, as predicted by the theoretical literature, oil price exercise a significant positive influence on Nigeria’s real exchange rate but contrary to the Balassa-Samuelson hypothesis, productivity differential exerts a significant negative influence on Nigeria’s real exchange rate. On the other hand, results from the SVAR analysis using short run restrictions do not offer much support for the theoretical literature on the impact of oil price shocks on exchange rates. The response of real exchange rate and productivity differentials to an oil price shock although positive is not statistically significant. Second, the thesis applies Generalised Autoregressive Conditional Heteroscedasticity (GARCH) class models to explore the influence of oil price return on exchange rate return in Nigeria during periods of extreme oil price volatility. Empirical estimates suggest that over the study period oil price return in Nigeria exercised a significant negative influence on exchange rate return. Third, on the relationship between oil price shocks and the stock market, the thesis employs a multivariate VAR along with a Generalised Impulse Response Function (GIRF) and Variance Decomposition (VDC) as well as an Ordinary Least Square (OLS) and Quantile Regression (QR) technique to examine the role of oil price on the Nigerian stock market. Results of the VAR analysis, OLS and quantile regression indicates that oil price changes do not play an important role in affecting real stock return in Nigeria. However, by employing the QR technique on a recent sample, overall results point to the importance of negative oil price changes in explaining movements in the Nigerian stock market lending credence to the view that the impact of oil price on the stock market occurs in the short run. Finally the thesis applies a DCC-IGARCH (1,1) to evaluate the dynamic correlation between oil prices and the Nigerian stock market. The dynamic correlation findings demonstrate a number of notable positive and negative correlations between the two. While the Nigerian stock market does not always move in the same direction with oil price, correlations between the two tend to increase and decrease over time. The results of this study are of value to policy makers and investors who are interested in understanding the response of exchange rates and stock markets to an oil price shock in Nigeria. In addition, the results are also transferable and generalizable to other oil exporting economies.
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Mutemeri, Pauline. "Investigating price performance on initial public offers: a comparative analysis of the Johannesburg Stock Exchange and the Nigerian Stock Exchange." Diss., 2019. http://hdl.handle.net/10500/26487.
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Abstracts in English, Afrikaans and ZuluThe advancement and development of the financial sector is fundamental for building an efficient economic system that enhances foreign and domestic investments. The aim of this study was to compare the relationship between the price performance of initial public offerings and macroeconomic indicators in the South African and the Nigerian economy. With the increase of IPO listing on both stock exchanges, it is of paramount importance that an analysis and examination of IPO performance and its contribution to the economy is conducted. Using the 91 and 19 initial public offerings that were listed on the Johannesburg Stock Exchange and the Nigerian Stock Exchange respectively during the years 2005 to 2015, price performance was measured by using the market-adjusted abnormal returns and the wealth relative model. The linear ordinary least squares regression model was used to measure the relationship between initial public offering performance and macroeconomic indicators. Based on the mean market adjusted returns, initial public offerings listed between 2005 and 2015 were under-priced. The regression model established that the first day, week and month price changes in Nigeria were 0.19, 0.48 and 0.77 times higher respectively than to South Africa. The regression analysis found that inflation and interest rates were positively correlated with price changes at the end of the first month of trade, whereas gross domestic product growth was not statistically significant. Therefore, to evade financial loss, investment decision making processes should consider factors such as geographic location, interest rates, inflation and the industry prior to making the decision.
Die bevordering en ontwikkeling van die finansiële sektor is fundamenteel vir die ontwikkeling van ʼn doeltreffende ekonomiese stelsel wat buitelandse en binnelandse investering aanmoedig. Die doel van hierdie studie was om die verhouding tussen die prysprestasie van aanvanklike openbare aanbiedinge en makro-ekonomiese aanwysers in die Suid-Afrikaanse en Nigeriese ekonomie te vergelyk. Met die toename in AOA-notering op albei aandelebeurse, is dit uiters belangrik dat ’n ontleding van en ondersoek na AOA-prestasie en sy bydrae tot die ekonomie uitgevoer word. Deur gebruikmaking van die 91 en 19 aanvanklike openbare aanbiedinge wat onderskeidelik op die Johannesburgse Effektebeurs en die Nigeriese Effektebeurs gedurende die tydperk 2005 tot 2015 genoteer is, is prysprestasie gemeet deur gebruikmaking van die markaangepaste abnormale opbrengste en die rykdomrelatiewe model. Die lineêre gewone kleinste kwadrate-regressiemodel is gebruik om die verwantskap tussen die prestasie van aanvanklike openbare aanbod en makro-ekonomiese aanwysers te meet. Op grond van die gemiddelde markaangepaste opbrengste was aanvanklike openbare aanbiedinge wat tussen 2005 en 2015 genoteer is, onderprys. Die regressiemodel het vasgestel dat die eerste dag-, week- en maandprysveranderinge in Nigerië onderskeidelik 0.19, 0.48 en 0.77 keer hoër as in Suid-Afrika was. Die regressieontleding het bevind dat inflasie en rentekoerse ’n positiewe korrelasie gehad het met prysveranderinge aan die einde van die eerste handelsmaand, terwyl bruto binnelandse produk se groei nie statisties beduidend was nie. Derhalwe, om finansiële verlies te ontduik, behoort investeringbesluitnemingsprosesse faktore soos geografiese ligging, rentekoerse, inflasie en die bedryf in aanmerking te neem voordat besluite geneem word.
Ukuqhubekela phambili kanye nentuthuko yomkhakha (sector) yezezimali kubalulekile ekwakheni inqubo yezomnotho esebenza kahle neqhubekela phambili ukutshalwa kwezimali zangaphandle kanye nezangaphakathi ezweni. Inhloso yalolu cwaningo bekuwukuqhathanisa ubuhlobo phakathi kokusebenza kwentengo yama-initial public offerings kanye nezinkomba zama-macroeconomic kumnotho weNingizimu Afrika kanye nowase-Nigeria. Ngokwenyuka kwe-IPO listing kuwo womabili ama-stock exchange, kubaluleke kakhulu ukuthi kwenziwe uhlaziyo nohlolo lokusebenza kwe-IPO kanye nomthelela wakho kumnotho kumele kwenziwe. Ngokusebenzisa ama-initial public offerings ka 91 no 19 kwi-Johannesburg Stock Exchange kanye nakwi-Nigerian Stock Exchange ngokuhambisana phakathi kweminyaka ka 2005 kanye no 2015, ukusebenza kwamanani entengo kwakalwa ngokusebenzisa ama-market-adjusted abnormal returns kanye ne-wealth relative model. Imodeli ye-linear ordinary least squares regression model kwasetshenziswa ukukala ubuhlobo phakathi kwama-initial public offering performance kanye nezinkomba ze-macroeconomic. Ngokulandela i-mean market-adjusted returns, ama-initial public offerings okwafakelwa kuhla phakathi kweminyaka ka 2005 kanye no 2015 kwakufakelwe ngentengo ephansi. I-regression model yathola ukuthi ngosuku lokuqala, ngeviki, kanye nenyanga, ukushintsha kwamanani entengo eNigeria, kwakungu 0.19, 0.48 kanye ne 0.77 ngezihlandla eziphezulu kuneNingizimu Afrika. Uhlaziyo lwe-regression analysis lwathola ukuthi i-infleshini kanye namazinga enzalo achaphazeleka ngendlela enhle ngokuhambisana noshintsho lwentengo ekupheleni kwenyanga yokuqala yokuhwebelana, lapho khona ukukhula kwe-gross domestic project kwakungakhulile kakhulu ngokwezibalo. Ngakho-ke, ukugwema ulahlekelo kwezezimali, izinqubo zokuthatha izinqumo ngotshalo-mali kumele kubonelele izinto ezifana nendawo okuyi-geographical location, amazinga enzalo, i-infleshini kanye nemboni ngaphambi kokuthatha isinqumo.
Finance, Risk Management and Banking
M. Com. (Business Management)
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Abdul-Hadi, Ayman Shafiq Fayyad. "The role of capital markets in underdeveloped countries with particular reference to South Korea, Brazil and Nigeria." 1989. http://catalog.hathitrust.org/api/volumes/oclc/29424119.html.
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Samuel, Richard Abayomi. "Modelling equity risk and external dependence: A survey of four African Stock Markets." Diss., 2019. http://hdl.handle.net/11602/1356.
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Department of StatisticsMSc (Statistics)
The ripple e ect of a stock market crash due to extremal dependence is a global issue with key attention and it is at the core of all modelling e orts in risk management. Two methods of extreme value theory (EVT) were used in this study to model equity risk and extremal dependence in the tails of stock market indices from four African emerging markets: South Africa, Nigeria, Kenya and Egypt. The rst is the \bivariate-threshold-excess model" and the second is the \point process approach". With regards to the univariate analysis, the rst nding in the study shows in descending hierarchy that volatility with persistence is highest in the South African market, followed by Egyptian market, then Nigerian market and lastly, the Kenyan equity market. In terms of risk hierarchy, the Egyptian EGX 30 market is the most risk-prone, followed by the South African JSE-ALSI market, then the Nigerian NIGALSH market and the least risky is the Kenyan NSE 20 market. It is therefore concluded that risk is not a brainchild of volatility in these markets. For the bivariate modelling, the extremal dependence ndings indicate that the African continent regional equity markets present a huge investment platform for investors and traders, and o er tremendous opportunity for portfolio diversi cation and investment synergies between markets. These synergistic opportunities are due to the markets being asymptotic (extremal) independent or (very) weak asymptotic dependent and negatively dependent. This outcome is consistent with the ndings of Alagidede (2008) who analysed these same markets using co-integration analysis. The bivariate-threshold-excess and point process models are appropriate for modelling the markets' risks. For modelling the extremal dependence however, given the same marginal threshold quantile, the point process has more access to the extreme observations due to its wider sphere of coverage than the bivariate-threshold-excess model.
NRF
Books on the topic "Nigerian Stock Exchange"
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Areago, R. B. Nigerian stock exchange: Genesis, organisation, and operations. Ibadan: Heinemann Educational Books (Nigeria) Ltd., 1990.
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Omole, D. A. Impact of financial reforms on the Nigerian stock exchange. Ibadan: Nigerian Institute of Social and Economic Research (NISER), 1993.
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Alile, Hayford I. The Nigerian stock market in operation. [Lagos]: [Nigerian Stock Exchange], 1986.
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Does corporate leadership matter?: Evidence from Nigeria. Nairobi: African Economic Research Consortium, 2009.
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Ekiran, Oba. Nigerian Securities and Exchange Commission: Two decades of operation. Lagos: Intervention Finance Co. Ltd., 2002.
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Chidozie, Emenuga, ed. Institutional, traditional, and asset pricing characteristics of the Nigerian stock exchange. Nairobi: African Economic Research Consortium, 1997.
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Omole, D. A. Financial deepening and stock market development in Nigeria. Ibadan, [Nigeria]: Nigerian Institute of Social and Economic Research (NISER), 1999.
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Nigeria. Securities and Exchange Commission. 20 years of securities market regulation in Nigeria. Abuja: Securities and Exchange Commission, 2000.
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Oguntimehin, Steve Sileola. The hidden treasures in the Nigerian stock market. Enugu, Nigeria: Niky Printing & Pub. Co., 2005.
Find full textBook chapters on the topic "Nigerian Stock Exchange"
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Nura, Isah, Sani I. S. Doguwa, and Yusuf Basiru. "Comparative Study of Models for Forecasting Nigerian Stock Exchange Market Capitalization." In Contributions to Statistics, 99–112. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-56219-9_7.
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Odia, J. O. "The Determinants and Financial Statement Effects of IFRS Adoption in Nigeria." In Advances in Finance, Accounting, and Economics, 319–41. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-4666-9876-5.ch016.
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The chapter examines the determinants and financial statement effect s of IFRS adoption in Nigeria. It also investigate into the impact of effect of the adoption of IFRS on accounting figures and ratios in the financial statements of 50 companies quoted in the Nigerian Stock Exchange. The determinants considered include firm's characteristics (firm size, operating cash flow, leverage, turnover, growth in turnover, profitability, liquidity and earnings quality) and corporate governance variables (board size, board independence and audit type). The data were obtained from the annual reports of companies listed in the Nigerian Stock Exchange between 2011 and 2013 and was analyzed using the ordinary least square (OLS) and logistic regression which were used to test for determinants of IFRS adoption while the independent t-test was used to examine the financial statement effects. With regard to the determinants, the empirical result indicates only profitability and earnings quality have significant but negative association with IFRS adoption. Moreover, IFRS adoption has significant effect on the return on equity.
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Mumini, Omisore Olatunji, Fayemiwo Michael Adebisi, Ofoegbu Osita Edward, and Adeniyi Shukurat Abidemi. "Simulation of Stock Prediction System using Artificial Neural Networks." In Deep Learning and Neural Networks, 511–30. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-0414-7.ch029.
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Stock trading, used to predict the direction of future stock prices, is a dynamic business primarily based on human intuition. This involves analyzing some non-linear fundamental and technical stock variables which are recorded periodically. This study presents the development of an ANN-based prediction model for forecasting closing price in the stock markets. The major steps taken are identification of technical variables used for prediction of stock prices, collection and pre-processing of stock data, and formulation of the ANN-based predictive model. Stock data of periods between 2010 and 2014 were collected from the Nigerian Stock Exchange (NSE) and stored in a database. The data collected were classified into training and test data, where the training data was used to learn non-linear patterns that exist in the dataset; and test data was used to validate the prediction accuracy of the model. Evaluation results obtained from WEKA shows that discrepancies between actual and predicted values are insignificant.
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Oladipupo, Olaoye Festus, and Falana Olatunbosun. "Emphasizing the Working Capital Management and Firms’ Profitability: Evidence from Quoted Firms on the Nigerian Stock Exchange." In New Ideas Concerning Science and Technology Vol. 4, 149–62. Book Publisher International (a part of SCIENCEDOMAIN International), 2021. http://dx.doi.org/10.9734/bpi/nicst/v4/6475d.
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Nkoro, Emeka, and Aham Kelvin Uko. "Impact of the Volatility of Macroeconomic Variables on the Volatility of Stock Market Returns." In Global Strategies in Banking and Finance, 218–30. IGI Global, 2014. http://dx.doi.org/10.4018/978-1-4666-4635-3.ch014.
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This chapter investigates the relationship between volatility of macroeconomic variables and the volatility of Nigeria’s stock market returns using annual data from 1985-2009. The Macroeconomic variables used are: inflation rate, government expenditure, foreign exchange rate, index of manufacturing output, broad money supply, and minimum rediscount rate. In pursuance of this, the AR(1)-GARCH-X(1,1) model was used for the analysis. The findings of this study revealed that, Nigeria’s current stock market return is positively influenced by previous returns. Volatility of Nigeria’s stock market returns was affected by past volatility less than the related news from the previous period. Also, the result shows that there is a significantly positive relationship between the volatility of the Nigeria’s stock market returns and the short run deviations of the macroeconomic variables (macroeconomic factors volatility) in the system. The results provide some insight to investors, financial regulators, and policymakers in the Nigeria’s stock market when structuring their portfolios and formulating economic and financial policies.
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Ojo, Sanya. "Consumption of Landed Properties in Africa." In Advances in Marketing, Customer Relationship Management, and E-Services, 146–67. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-5225-0282-1.ch007.
Full textAbstract:
This chapter demonstrates the impact of ethnic entombment practices on the consumption of housing market in a heterogeneous society. It illustrates the dynamics in relationships, either in inter-family interactions or exchanges between ‘the living and the dead'. This signifies an expanded traditional frontiers of stakeholders (e.g., marketers and governments) in the negotiation of consumption in the market. Particularly, the chapter analyses how circumstances of customs and belief systems impact the supply of houses and consequent deterioration of neighbourhoods (e.g., slumming). It draws on narratives gathered from in-depth interviews conducted with eleven informants/gatekeepers undertaken in a large metropolitan city in the South-West region of Nigeria. Findings reveal the interchange between culture and consumption in housing market and how the affective potentiality of a tradition initiates emotive configurations that shape a community's housing stock aesthetic exposition.
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Ojo, Sanya. "Consumption of Landed Properties in Africa." In Megacities and Rapid Urbanization, 376–98. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-5225-9276-1.ch019.
Full textAbstract:
This chapter demonstrates the impact of ethnic entombment practices on the consumption of housing market in a heterogeneous society. It illustrates the dynamics in relationships, either in inter-family interactions or exchanges between ‘the living and the dead'. This signifies an expanded traditional frontiers of stakeholders (e.g., marketers and governments) in the negotiation of consumption in the market. Particularly, the chapter analyses how circumstances of customs and belief systems impact the supply of houses and consequent deterioration of neighbourhoods (e.g., slumming). It draws on narratives gathered from in-depth interviews conducted with eleven informants/gatekeepers undertaken in a large metropolitan city in the South-West region of Nigeria. Findings reveal the interchange between culture and consumption in housing market and how the affective potentiality of a tradition initiates emotive configurations that shape a community's housing stock aesthetic exposition.