The Roles of Insurance Industries in the Promotion of Capital Market Services in Nigeria
Student: Quyum Ajiboye Bukola (Project, 2025)
Department of Insurance
Ekiti State University, Ado-Ekiti, Ekiti State
Abstract
This study examines the role of insurance industries in the promotion of capital market services in Nigeria. Secondary data was used, and a simple linear regression model was adopted to evaluate the effect of insurance activities on capital market performance. Hypotheses were tested at a 5% significance level using ANOVA. Findings indicate that insurance risk-mitigation activities significantly influence capital market development, while insurance investment and capital mobilization show weaker but relevant contributions. The study recommends strengthening regulatory frameworks, enhancing transparency, improving investor protection, and widening access to the capital market for SMEs and retail investors.
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For the full publication, please contact the author directly at: bukolaquyum001@gmail.com
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Institutions
- Federal University of Technology, Minna, Niger State 47
- Federal University of Technology, Owerri, Imo State 95
- Federal University Oye-Ekiti, Ekiti State 41
- Federal University, Birnin-Kebbi, Kebbi State 37
- Federal University, Dutse, Jigawa State 6
- Federal University, Dutsin-Ma, Katsina State 63
- Federal University, Gashua, Yobe State 3
- Federal University, Gusau, Zamfara State 14
- Federal University, Kashere, Gombe State 1
- Federal University, Lafia, Nasarawa State 6