Impact Of Oil Prices On The Nigerian Economy

77 pages Chapters 5 ID: BFN0410

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Project Details

DepartmentBanking and Finance
TypeProject
Pages77
Chapters5
MethodologyOrdinary Least Square
Reference StyleYES
FormatMS Word & PDF
Reference No.BFN0410

Abstract

ABSTRACTThis study examined the impact of oil prices on the Nigerian economy. In light of the empirical review and other discussions, a number of questions arose as to whether there is relationship between oil prices, the Nigerian economy proxied by Gross Domestic Product (GDP), exchange rate, fixed gross capital formation, inflation rate as well as lending rate. Using the Ordinary Least Square (OLS) regression technique with the aid of E-view 7.0 software, the empirical findings reveal among other things that there is a positive relationship between oil prices and the Nigerian economy. The st…

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Pages77
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