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Evaluating the Nexus between Macroeconomic Indicators and Stock Market Performance in Nigeria

This study examines the effect of macroeconomic indicators on stock market performance in Nigeria from 1986 to 2022 using time series data analysis. The analysis includes unit root tests, co-integration tests, and error correction model analysis to understand the long-term and short-term dynamics between macroeconomic variables and stock market performance. Various diagnostic tests, such as tests for autocorrelation, multicollinearity, and heteroscedasticity, were conducted to enhance the accuracy of the model. The results indicate a strong positive relationship between stock market performanc…

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