INFORMATION TECHNOLOGY AND CAPITAL MARKET DEVELOPMENT: A CASE STUDY OF THE NIGERIAN STOCK EXCHANGE Introduction The Nigerian economy is aiming to have the sustainable growth path. Through the development of their information technology and enhancement of the capital market in their stock exchange the government can adopt the comprehensive progress. Nigeria has a structural and sectoral macroeconomic policy reform and the main strategies were (a) the liberalization of the external trade and payment systems, (b) the adoption of a market-based exchange rate for the domestic currency ─ Naira, (c) the elimination of price and interest rate controls, and (d) the reliance on market forces as the major determinants of economic activity (Owoye & Onafowora, 2007). With the reformation in the capital market the Nigerian Stock Exchange can use the monetary control and instruments for implementing monetary policy in Nigeria. Background of the Study In any countries across t...