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ABSTRACT
The study examined the effect of capital market performance on economic growth in Nigeria spanning periods from 1986 to 2022 based on the accessibility of data. Four hypotheses were raised and evaluated using the ordinary least squares estimator. It was revealed that: market capitalisation positively and significantly affects economic growth in Nigeria; there is a positive and insignificant relationship between all share index and economic growth in Nigeria; there is an insignificant positive relationship between volume of shares and economic growth in Nigeria; there is a statistically significant and positive relationship between market value and economic growth in Nigeria. Based on these findings, it was recommended that: it is crucial for policymakers and market regulators in Nigeria to focus on strategies that promote and strengthen market capitalization; it is essential for market authorities to consider measures that can enhance the relevance of the all-share index as an indicator of market performance; it is advisable for market stakeholders to explore measures aimed at increasing trading volume on the stock exchange; and policymakers and market participants should focus on measures that promote the growth of market values.
