Vero RecordArchive

International records / OpenAlex research

Exchange Rate Fluctuations, Oil Price Dynamics and Stock Market Volatility in Nigeria: An Empirical Evaluation

This study evaluated the relationship between oil price fluctuations and exchange rate movements on stock market volatility in Nigeria. As a mono-product, oil-dependent economy, Nigeria's macroeconomic indicators and financial markets are highly susceptible to external shocks, particularly from global crude oil price variations and foreign exchange dynamics. Using daily time-series data from November 20, 2024 to June 30, 2025 obtained from Central Bank of Nigeria Statistical Bulletin, and employed econometric models such as the Error Correction Model (ECM) and Exponential Generalized Autoregre…

Files

  • PDF · 612.0 KB · text indexed, 130,009 characters
    SHA-256 3e9a4d4b01f10213b25563d0101960a2190b1bbfe4f9574cd90f52164aeacace
    from https://iiardjournals.org/get/IJEFM/VOL. 10 NO. 8 2025/Exchange Rate Fluctuations 301-337.pdf