This study aims to examine the relationship between capital market and economic growth in Nigeria from 1985 to 2021. The study employed Johansen cointegration and Vector Error Correction Model (VECM) to analyse the relationship. Findings reveal, among others, that the Johansen Normalized...

Nigeria has witnessed oil windfalls for decades, however, it was presumed that revenues from oil would assist Nigeria to mark its transition from underdevelopment to industrial development. Regrettably, the high dependence on oil sector has led to deindustrialization and exchange rate...