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%αlevel; the residuals were normally distributed but not serially correlated at
5%αlevel. 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=
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