Does Stock Market Promote Economic Growth In Nigeria? BY Tokunbo Simbowale Osinubi Department of Economics Faculty of the Social Sciences University of Ibadan, Ibadan Oyo State, Nigeria and Department of Economics Faculty of the Social Sciences University of Lagos, Akoka Yaba, Lagos State, Nigeria. Telephone: 23417919456, 2348034052502 Fax: 23412620610 E-mail: tokunbosinubi@yahoo.co.uk Keywords: Stock Market, Economic Growth, Nigeria 2 Does Stock Market Promote Economic Growth In Nigeria? ABSTRACT The stock market is a common feature of a modern economy and it is reputed to perform some necessary functions, which promote the growth and development of the economy. This study examines whether stock market promotes economic growth in Nigeria. To achieve this objective, ordinary least squares regression (OLS) was employed using the data from 1980 to 2000. The results indicated that there is a positive relationship between growth and all the...