Research Article Open Access

Effect of Banker-Customer Relationship on the Performance of Nigerian Banks

Abstract

The study aims at investigating the impact of capital market on economic growth in Nigeria. The research adopts a time-series research design depending comprehensively on secondary data with coverage from 1983 to 2013. The study employs multiple regression analysis as data analysis method including unit root test using Augmented Dicker Fuller (ADF). The findings from this study suggest that three variables exhibit positive while one exhibit inverse relationship with economic growth. Also, two variables were statistically significant while the other two were statistically insignificant. The study therefore recommends amongst others that there should be an increase in the availability and sufficiency of investment instruments such as options, derivatives, future and convertibles for investors as this will boost the value of transactions in the market.

Areghan Isibor, Ikwuetoghu Ogochukwu Cynthia, Ikpefan Ochei Ailemen, Okafor Tochukwu

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