The paper did a review on the global financial crisis effect on the Nigeria GDP and capital market: The world encountered financial crisis since 2007 and the crisis was unprecedented in the history of themodern world which caused aterrible effect on countries wellbeing in GDP and capital market and Nigeria was not exception. The crisis resulted into recession in some many economies with enormous impact on developing nation like Nigeria, with influence in GDP and caused contagion effect in stock markets. The study used secondary data to review global financial crisis effect, GDP, and capital market. The study use GDP values of 2007-2016 as independent variables source from World Development Indicators (WDI) Nigeria- GDP growth (annual %), GDP by country statistics from World bank and market capitalization values of 2007-2016 as dependent variables, Source from Yearly NSE Fact Sheets. The research used linear regression to analyze the data, and the Magnitude of Coefficientdemonstrate that the independent variables affect the yearly NSE; DPV with 3.440013%, while IDV GDP growth has 1.871314%. The researchersconclude with a recommendation: That since the yearly NSE appreciates from the crisis period as well as the GDP growth increases, this, therefore, denotes positive relationship.