%0 Journal Article %T An Empirical Assessment of the Impact of Nigerian all Share Index, Market Capitalization, and Number of Equities on Gross Domestic Product %A Obubu Maxwell %A Obiora-Ilouno Happiness %A Uzuke Chinwendu Alice %A Ikediuwa Udoka Chinedu %J Open Journal of Statistics %P 584-602 %@ 2161-7198 %D 2018 %I Scientific Research Publishing %R 10.4236/ojs.2018.83038 %X A stock exchange is an exchange where stock brokers and traders can buy and sell shares of stock, bonds, and other securities. All listings are included in the Nigerian Stock Exchange All Shares index. In terms of market capitalization, the Nigerian Stock Exchange is the third largest stock exchange in Africa. Objectives: The paper assesses the impact of Nigerian Stock Market (all share index, market capitalization, and number of equities) on Gross domestic product (Economic Growth). Materials and Methods: Regression analysis and ordinary least square technique were employed. Result and Discussion: The series was stationary at 1%, 5%, and 10% ŚÁ level; the residuals were normally distributed but not serially correlated at 5% ŚÁ level. All Share Index, Market Capitalization and Total Number of listed Equities have a joint and individual significant effect on Economic Growth (Gross Domestic Product) with Total Number of listed Equities having a negative (opposite) linear relationship with the Gross Domestic Product. The Durbin-Watson statistics (R² = 0.9910 < DW =