International records / OpenAlex research

Macroeconomic Aggregates and Stock Prices in Nigeria

The study examines the impact of macroeconomic aggregates on stock price in Nigeria. The study employs secondary data extracted from the Central Bank of Nigerian (CBN) Statistical Bulletin of 2023 and the international financial statistics (IFS). The methods of data analyses include the ordinary least squares multiple regression and the error correction mechanism on a time series data covering the period of thirty years (1994-2023). The findings of the study are that, the current level of money supply (DM2) has a positive and insignificant impact on All Share Index (ASI) in the short-run while…