ABSTRACT
The purpose of this study is to examine the effects of foreign remittance on stock market performance in Nigeria. It adopts four (4) explanatory variables (foreign remittance, foreign direct investment, foreign portfolio investment and overseas development assistance) to show the effect foreign remittance has on stock market performance in Nigeria.
It is sub divided into a number of sections which include research design, population and sampling, sources of data collection, model specification and operationalization of variable and technical of data analysis, summary of findings and recommendations.
The major finding of this study revealed that, there is a significant positive relationship between foreign remittances and stock market performance (MCAP) in Nigeria. Similarly, there is a significant positive relationship between foreign remittances and stock market performance (ASI) in Nigeria. There is also an insignificant positive relationship between foreign direct investment and stock market performance (MCAP) in Nigeria. However, there is an insignificant negative relationship between foreign direct investment and stock market performance (ASI) in Nigeria. There is a significant negative relationship between foreign portfolio investment and stock market performance (MCAP) in Nigeria. Similarly, there is a significant negative relationship between foreign portfolio investment and stock market performance (ASI) in Nigeria. Overseas development assistance has a negative insignificantly effect on stock market performance (MCAP). However, overseas development assistance has a positive insignificantly effect on stock market performance (ASI).
