Central Bank of Nigeria, Research Department.
Stock market, Stock exchange, Stock market index, Nigerian Stock Exchange, Nigerian Stock Exchange index
The paper aims to devise and compute an appropriate stock market index for the Nigerian Stock Exchange. Such an index is expected to reflect to some extent, the economic trend in the country and as the stock market develops within the entire financial superstructure it should signal some important structural changes in the economy.
Phillips, T., (1978). A stock market index for the Nigerian Stock Exchange. CBN Economic and Financial Review, 16 (2), 57-71.