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The role of capital market in a developing economy ( A case study of the Nigeria stock exchange )
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The role of capital market in a developing economy ( A case study of the Nigeria stock exchange). The Nigerian capital market came into prominence when the Nigerian enterprise decree which is also known as the indigenous decree was promulgated in 1972 and amended in 1997. The public became aware of the importance especially through the introduction of privatization and the N25 billion capital bases for banks. There is no gainsaying therefore that the Nigerian capital market has come a long way to stay as the powerhouse for mobilizing and allocating long-term capital funds for commerce and industry.