Capital market refers to a market where the financial instructions mobilize the savings of the people and lend them for long term period for raising new capital in the country.

Capital market in other words refers to the long term borrowing and lending of capital funds. In another perspective, capital market is a market in which financial securities such as stocks, bonds and government loan instrument are bought and sold.

DIVISION OF CAPITAL MARKET
The Nigerian capital market is divided into two segments- The primary and secondary market; While the primary market provides the vehicle for raising fresh capital by government and corporate bodies, the secondary market provides a mechanism for investors to buy or sell existing

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