International records / OpenAlex research

Impact of Monetary Aggregates on Stock Market Returns in Nigeria

This study examined the impact of monetary aggregates on stock market returns in Nigeria for the period of 1993-2023 (31years). Data for the study was obtained from CBN Statistical Bulletin and CBN Annual Report (1993-2023). The Monetary aggregates was proxied with Reserve Requirement (RR), Cash Reserve Ratio (CRR), Discount Rate (DR), Money Supply (MS), Interest Rate (INTR) and Exchange Rate (EXCHR) (Independent Variables) examined on how it influence the stock market returns [proxied with All Share Index (ASI)] (Dependent Variable). Data was analyzed using the descriptive statistics, correla…