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An empirical study on the dynamic relationship between crude oil prices and Nigera stock market

Rabia Najaf and Khakan Najaf
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Rabia Najaf: Department of Accounting & Finance, University of Lahore, Islamabad Campus
Khakan Najaf: Department of Accounting & Finance, University of Lahore, Islamabad Campus

International Journal of Academic Research in Management and Business, 2016, vol. 1, issue 2, 63-76

Abstract: In this paper, we have examined the crude oil price on the performance of Nigerian stock exchange and exchange rate act as the plausible countercyclical tool .we have applied the different models and collected the results that crude oil prices have direct impact on the stock exchange of Nigeria. The Nigeria stock exchange is regulated by the Securities and Exchange Commission .Nigeria stock exchange has the automated trading system. The basic facility of Nigeria trading system is (ATS),it is helpful to remote trading system .Consequently, most of the investors do trade with the method of ATS .This study is also proving that Nigeria stock exchange has influenced on the performance of the economy. Impact of oil crisis on the Nigeria stock exchange.) Impact of crude oil crisis on the development of country. Effect of exchange rate policy on the performance of Nigeria stock exchange.

Keywords: Nigerian stock exchange; exchange commission; ATS; crude oil. (search for similar items in EconPapers)
Date: 2016
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