The study investigated the relationship between capital market and performance of the Nigerian industrial sector between1970-2012. Using secondary data and employing the econometrics data analysis techniques of ordinary least square (OLS), co-integration/error correction model and granger causality test. The study revealed that capital market indices had not impacted significantly on the industrial sector during the period under study. Based on the findings of this study, it is recommended among others that government should put in place necessary infrastructures and policy reforms that will enable the Nigerian capital market to effectively and efficiently mobilize long-term funds.
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