Inflationary Trend and its Impact on Nigeria Stock Exchange Market

Orajaka Ugochukwu Paul and Okeke Chinedu Prince

International Journal of Academic Research in Business and Social Sciences, 2017, vol. 7, issue 11, 127-140

Abstract: In this study, Inflationary trend was explored to determine its impact on Nigeria Stock Exchange Market. Only secondary source of data was used for this research work. Four (4) variables were used to validate the reliability of this research work namely: inflationary rate, total value of Nigerian stock exchange market, government expenditure and currency exchange rate ranging from 1980 – 2014 i.e. thirty five (35) years of economic activities. The descriptive method was used to analyze the data generated for the research. General regression statistical tool was used to determine the relationship between the dependent and independent variables. The hypotheses were tested using probability plot and graphical summary statistics. From the findings, the researcher observed that Inflation, Government Expenditures and Exchange Rate are significant to Total Value of Nigeria Stock Exchange Transactions. By this we say, inflationary trend to a large extent has a tremendous effect on Nigeria stock exchange market.

Keywords: Inflation; Expenditure; Stock Exchange; Transactions; Trend (search for similar items in EconPapers)
Date: 2017
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