International records / OpenAlex research

THE CURRENT ACCOUNT AND OIL PRICE FLUCTUATIONS NEXUS IN NIGERIA

Considering Nigeria as an oil dependent country, fluctuations in oil prices as a result of policy competition between OPEC and oil shale producing countries (such as the United States and Canada) in recent years has posed an impediment on the current account balances of Nigeria.This study investigates the relationship between oil price fluctuations and the current account balances in Nigeria.The study used a time series data sample from 1977 to 2015.The Autoregressive Distributed Lag (ARDL) was used to estimate the relationship between the current account and oil price fluctuations in the shor…