ANALYSIS OF THE NEXUS BETWEEN OIL PRICES, EXCHANGE RATE AND ECONOMIC GROWTH IN NIGERIABabajide Adesoji AjayiKehinde Ola
Our result revealed that there is variation on money supply and naira exchange rate; hence the monetary policy instruments were not efficacious in the attainment of price and exchange rate stability in Nigeria. Again, growths in money supply impact negatively on the economy as they breed inflation...
Nigeria's FX reserves have surged to $33.58 billion, the highest since March 2024, reflecting significant financial stability. Boosted by World Bank loans and Afrexim Bank disbursements, the reserves' growth marks a recovery amid exchange rate stability and improved forex market liquidi...
This post gives you a better insight into theCBN exchange rate in Nigeria today, covering all major foreign currencies like the Dollar, Euro, pound sterling, and more. Knowing the exchange rates of these foreign currencies to the Nigerian Naira is crucial to many businesses found in the country...
An Empirical Evaluation of the Impact of Exchange Rate on the Nigeria Economy The research is aimed at empirically evaluating the impact of exchange rate on the economy. Economic induces such as exchange rate and inflation rate were considered in determining change in Gross Domestic Product (GDP) ...
However, Arinzeh emphasizes to FORBES AFRICA the importance of addressing the inadequate FX earnings and reserves by enhancing export infrastructure.Arinzeh suggests measures to further strengthen the control of FX rates and discourage round-tripping. “In exploring the un...
This paper established that interest rate, inflation, and money supply had negative effects on Nigeria's economic growth in the short run, while in the long run; exchange rate had significant positive effects. A combination of Breusch-Go... OT Ebiringa,OA Chichi,HK Obi - 《Journal of Econo...
defineditsUnitedStatesDollar(USD)valueas$2.80.NigeriajoinedtheInternational MonetaryFund(IMF)afterce,andtheNigerianPoundhaditsparitydefined,in June1962,intermsofGoldatoneNigerianPoundequals2.48828gramsoffinegoldThis confirmeditsoriginalUSDparvalue.Similarly.theerateoftheNigerianPound fortheBritishPoundSterlingwasdete...
Alternatively, most developing nations of the world (especially Nigeria) have been plagued with high real exchange rate volatility which translates into high degree of uncertainty in the attainment of major macroeconomics and monetary policy objectives in the area of price stability and economic growth....
has also made it possible to study the impact of the choice of the exchange rate regime on economic performance. Most notably, analysis of this era suggests that, in the presence ofcapital mobility, governments truly do have to choose between monetary policy independence andexchange rate ...