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Effect of Crude Oil Price Shock on Inflation and Exchange Rate in Nigeria

The study examined the effect of crude oil price shock on inflation and exchange rate in Nigeria. The study adopted an ex-post facto research design, covering the period between 1990 and 2022. Secondary data were extracted from the CBN Statistical Bulletin and World Development Indicators. Multiple regression technique was used for test of hypotheses. The findings revealed a noteworthy adverse effect of oil price shocks on Nigeria's inflation rate, indicated by a probability value of 0.0180. Additionally, the impact of oil price shocks on exchange rates in Nigeria was also adverse and statisti…

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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	European Journal of Business and Innovation Research
Date	2024-01-15
Type	article
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://doi.org/10.37745/ejbir.2013/vol12n25666
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W4392393520`

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Effect of Crude Oil Price Shock on Inflation and Exchange Rate in Nigeria. OpenAlex research, 2024. Vero Archive, record openalex:W4392393520.