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September 10, 2025Gusau Journal of Accounting and FinanceOpen Access

Macroeconomic Variables and Stock Market Performance in Nigeria

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Authors

KKKayode David Kolawole

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Overview

Analysis reveals significant effects of exchange rate and interest rate on stock market performance.

Key Points

  • Stock market performance is significantly affected by exchange rate fluctuations, with a p-value below 0.01.
  • Interest rate changes show a significant relationship with stock market performance, also with a p-value of less than 0.01.
  • Inflation impacts stock market performance significantly, indicated by a p-value of 0.01.
  • Gross Domestic Product has a measurable effect on stock market performance, with a coefficient value of 0.0000000137 and a p-value of 0.0269.

Cite This Study

Kayode David Kolawole (2025) studied this question.

synapsesocial.com/papers/68c1bb7854b1d3bfb60edbcdhttps://doi.org/10.57233/gujaf.v6i2.18
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