Equity Funds and the Performance of Nigeria’s Capital Market

Hyginus I. Ihenetu, Isoboye Jacob Damieibi


The paper evaluated the effect of equity funds on performance of capital market in Nigeria. Data were collected from statistical bulletin 2019 for twenty one (21) years. Ordinary least square multiple regression was used to analyze the data. The findings showed that only right issue had positive and significant effect where as initial public offer, offer for subscription, private placement and supplementary offer had no significant effect on all share index in Nigeria. Based on the findings, we therefore recommend that the shareholders should sustain the tempo of the right issue so as to maintain the performance of the Nigeria’s capital market.

Key words: Capital market, All share index, Initial public offer, Offer for subscription, Private placement, Right issue, Supplementary offer

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Copyright (c) 2021 Hyginus I. Ihenetu, Isoboye Jacob Damieibi

Copyright CC BY © European Modern Studies Journal 2017-2021   ISSN 2522-9400

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