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…
