International records / OpenAlex research

THE EFFECT OF MACRO-ECONOMIC VARIABLES ON STOCK MARKET PERFORMANCE IN NIGERIA

This study examined the effects of macro-economic variables of inflation rate, interest rate, exchange rate and balance of trade on stock market performance in Nigeria using the Gross Domestic Product as a measure of economic growth for the period 1994-2013. The need to empirically determine the effect of these macro-economic variables on stock market performance in Nigeria arose as a result of its centrality in the national economy. Secondary data for this study was collected from Central Bank of Nigeria, Securities and Exchange Commission, Nigerian Stock Exchange and the annual reports and a…