The study examined the effect of Contributory Pension Scheme on Nigerian Capital Market. The specific objectives were to analyze the effect of Total Pension Assets under Management on Total Market Capitalization and on Total Value of Deals of the Nigerian Capital Market. The study was based on Ex-post facto research design. Ordinary Least Square Regression was used as analytical technique. It was found that Pension Assets under Management of the Nigerian Pension industry has positive and significant effect on Total Market Capitalisation of the Nigerian Capital Market. Also, Pension Assets under Management of the Nigerian Pension industry has no positive and significant effect on Total Value of Deals per year of the Nigerian Capital Market. The positive coefficients indicate that Total Pension Assets under Management can facilitate increase in Total Market Capitalisation and Total Value of Deals per year of the Nigerian Capital Market. Therefore, the study concludes that an increase in Total Pension Assets under Management would boost upwards the Total Market Capitalisation and Total Value of Deals per year by making more fund available for trading in the Nigerian Capital Market. It is recommended that Total Pension Assets under Management transactions in the Nigerian Capital Market should have a wide mix of investments portfolio so as to avoid liquidity risk challenges.
Pension, Market-Capitalisation, Value of Deals
