THE IMPACT OF GLOBAL FINANCIAL CRISIS ON THE NIGERIAN CAPITAL MARKET

ABSTRACT

The objective of this study is to examine the impact of global financial crisis on the Nigerian Capital Market particular to stockbrokers and investors on Nigerian Stock Exchange, Lagos Branch. The data for the study were collected through primary and secondary sources of data namely: Textbooks, Journals, Internet, past works relating to the study and questionnaire. The data were analyzed and presented using tables; simple percentage and the hypothesis were tested using Chi-Square method of data analysis. The findings shows that: Manipulation of share prices has significant effect on the Nigerian Capital Market crash; insider trading /dealing is a significant factor in destroying investors’ confidence in the Nigerian Capital Market; there is a significant relationship between the global economic meltdown and the crisis in the Nigerian Stock Exchange during the study period.