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
- Mohammed Lawan College of Agriculture, Maiduguri, Borno State 12
- Moshood Abiola Polytechnic, Abeokuta, Ogun State 7
- Nasarawa State University, Keffi, Nasarawa State 8
- Niger Delta University, Wilberforce Island, Bayelsa State 28
- Niger State College of Education, Minna, (Affl To Usmanu Danfodiyo Uni, Sokoto) 1
- Nigeria Maritime University, Okerenkoko, Delta State 1
- Nigerian Army University, Biu, Borno State 3
- Nile University of Nigeria, Abuja 3
- Nnamdi Azikiwe University, Awka, Anambra State 98
- Northwest University, Kano, Kano State 179