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Citations since 2017
11 Research Items
Overdependence on oil revenue has exposed the economy to shocks from oil price variations. In this paper, we investigated the relationship between oil price on the stock prices of oil and gas firms quoted in the Nigerian Stock Exchange market. In doing so, the ARDL and NARDL approach is applied to estimate quarterly data from 2009q1 to 2016q3. The...
The study examined the influence of oil price movements on food security in Nigeria. The autoregression distributed lag (ARDL) technique was applied using annual time series data covering 1990-2020. The evidence showed that oil price variations are transmitted to food security. Food affordability and availability are reduced with the higher oil pri...
The Nigerian stock exchange (NSE) has several indices of the market including the NSE oil&Gas, Nse consumer goods, Nse Bank index among others. This study will examine volatility spillover across the oil&gas, consumer goods, banking markets, and oil markets and also find traces of co-movements among the markets.
The study investigated the presence of an inverted-U relationship between carbon emissions and economic growth in 42 African Countries pooled into three panels based on income. The study found evidence of an inverted-U relationship (henceforth EKC) in Congo, DR. Congo, Madagascar, Sierra-Leone, Cameroon Comoros, Congo, Cotedivour, Kenya, Gabon, and...
Nigeria has the largest Defence budget in Africa and the second largest in Sub-Saharan Africa, yet the country is ranked the 3rd among terrorist nations, currently the 6th. This study examined the relationship between military expenditure and economic growth in Nigeria. The ARDL model was applied to examine the Nigerian time series from 1982 to 201...
Different assets have behaved differently during different economic situations. Investors are constantly searching for safe assets to hold and avoid volatile assets to hedge again risk. This study examined the safe-haven properties of selected 10 assets classified in precious metals, government securities, international currencies, stocks, and cryp...
The study the ARDL model, Mean Group (MG), and the Pooled Mean Group (PMG) model to examine the Environemtnal Kuznets Curve (EKC) hypothesis in 43 African countries pooled into 3 income groups from 1980–2016. The EKC hypothesis is accepted in only 21% of the sample but rejected in 70% of the countries in the total sample. This result shows that car...
In this paper, we modelled the impact of VAT exemption policy on capital market transactions using the Garch model. We implored the use of Garch 1.1 and Assymetric T-Garch model to examine the effect of the introduction of the VAT policy on the Nigerian stock exchange activities. The result of the study suggests that the implementation of VAT exemp...
The study employed the Ex Post Facto research design. The population consisted of 169 Quoted companies in Nigeria. The sample size consisted of 10 manufacturing companies in Nigeria. Data from the research were obtained from financial statements and annual reports of the sampled companies. Data were analyzed through Descriptive and Inferential stat...
This study attempts to examine the extent to which oil price shocks inhibit economic growth in Nigeria using oil price, exchange rate, interest rate, foreign direct investment, real GDP gotten from Central Bank of Nigeria and World Development Indicators from the period of 1981to 2017. This study conducts the unit root test using the Augmented Dick...
please help! I want to know what softwares can run this test and how to run it. it is a Garch model with 2 endogenous breaks of Narayan and Narayan 2006; Narayan and Liu 2015
The study will examine the impact of migrant remittances on 3 major economic indicators (Economic growth, Inflation, and Unemployment) in the top 10 remittance-receiving countries in the world.