International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC)
Vol. 1 No. 1 (2023): February

CURRENCY DEPRECIATION AND CAPITAL MARKET PERFORMANCE IN NIGERIA

Ihenyen Confidence Joel (Department of Accounting, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria)
Epekele Wisdom (Department of Accounting, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria)
Owonaro Dorcas Diweri (Department of Accounting, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria)

Article Info

Publish Date
28 Feb 2023

Abstract

This study looks at the effects of the weakening currency on Nigeria's stock market. Secondary data from the Nigerian Stock Exchange and the Central Bank of Nigeria is analyzed using a quantitative research methodology. Purposeful sampling and multiple regression analysis are used to examine the link between currency depreciation and stock market performance in this investigation. Depreciation of a currency was found to correlate negatively with the performance of capital markets even after controlling for other variables in the model. The results suggest that investors and regulators should keep in mind the potential negative effects of currency depreciation on the efficiency of capital markets.

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Journal Info
International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC)
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Publisher

PT. ZILLZELL MEDIA PRIMA

Subject

Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

Description

International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC) is an open access, peer-reviewed, and refereed journal published by PT. ZILLZELL MEDIA PRIMA. The main objective of IJAMESC is to provide an intellectual platform for the international scholars. IJAMESC aims to ...