CONTRIBUTION OF ICAN TO THE GROWTH AND PROSPECT OF ACCOUNTING PROFESSION

The main purpose of conducting this research is to x-ray the effect of dividend announcement on security prices in order to determine whether the Nigeria capital market is efficient and at what form of its efficiency. Many searchers have attempted to determine the efficiency from of Nigeria capital market. Empirical results observed from their research has tended to suggest that the efficiency from of Nigeria capital market is weak and others, in the semi-strong form. However very few have attempted to analyze the effect of dividend announcement does have an impact on stock prices. This observation to the best of my knowledge has not been reasonable or scientifically studied in Nigeria.