EMERGING CHALLENGES OF CAPITAL MARKET IN DEPRESSED ECONOMY(A CASE STUDY OF NIGERIA STOCK EXCHANGE)

The market embraces the stock market, an active stock market may be relied upon on a barometer for measuring changes in general economic activities using a stock market index. The stock market is the market for trading in stock and shares, bonds, debentures and other long-term securities. It is also generally referred to as the secondary market where seasoned securities are traded in very much linked to the stock market is a primary market which is responsible for the placement of new issues contributes directly towards increasing loanable fund and allotting these between production economic club. The stock market provides the forum for capital market activities. Quoted securities have the advantages of relatively, high liquidity as they can be bought or sold through the exchange at relatively short notice. The role of the stock market is a direct function of the extent of using and of its interrelationship with other sector of the economy.