This study was intended to examine the importance of the Nigerian capital market to business organizations. This study was guided by the following objectives; to determine the extent to which the Nigerian capital market contributes to the development of business organizations, and to make recommendation on how to improve the operation s of the market which will aid in the development of business organizations and the economy as a whole. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the chi square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 200 staff of selected business organisations. The study findings revealed that Nigerian capital market is important to business organizations; based on the findings from the study, business organisations should endeavour to get listed in the Nigeria Capital Market.