The article explores what affects how easy it is to buy and sell stocks in Nigeria. By analyzing monthly data, the researchers found that stock market liquidity improves when the market does well and when the government intervenes with money. They also discovered that high stock prices can make it harder to trade stocks. Although liquidity can stick around for a while, it doesn't last in the long run. The results were consistent even when using a different measure of liquidity. Investors and policymakers should pay attention to these factors to make better predictions and decisions, which can reduce risks, boost market liquidity, and increase confidence among investors.