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

Author

Listed:
  • Rabia Najaf

    (Department of Accounting & Finance, University of Lahore, Islamabad Campus)

  • Khakan Najaf

    (Department of Accounting & Finance, University of Lahore, Islamabad Campus)

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.

Suggested Citation

  • Rabia Najaf & Khakan Najaf, 2016. "An empirical study on the dynamic relationship between crude oil prices and Nigera stock market," International Journal of Academic Research in Management and Business, International Journal of Academic Research in Management and Business, vol. 1(2), pages 63-76, September.
    • Handle: RePEc:iap:ijarmb:v:1:y:2016:i:2:p:63-76
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    References listed on IDEAS

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    Cited by:

    1. Lei, Lei & Aziz, Ghazala & Sarwar, Suleman & Waheed, Rida & Tiwari, Aviral Kumar, 2023. "Spillover and portfolio analysis for oil and stock market: A new insight across financial crisis, COVID-19 and Russian-Ukraine war," Resources Policy, Elsevier, vol. 85(PA).
    2. Aziz, Ghazala & Sarwar, Suleman & Yuan, Qiong & Waheed, Rida & Morales, Lucía, 2024. "Reinvestigating the role of oil and gold for portfolio optimization in view of COVID-19 and structural breaks: Empirical evidence of BEKK, DCC and wavelet quantile based estimations," Resources Policy, Elsevier, vol. 92(C).

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