OIL PRICE AND EXCHANGE RATE VOLATILITY IN NIGERIA

This study examined oil price influence on the Nigeria exchange rate volatility spanning retro of thirty five (35) years. The Simultaneous equation modeling Granger causality test and Vector Error Correction Model (VECM) techniques were adopted, to analyzed data stream from 1983 – 2019. A dynamic framework analysis that includes unit root, descriptive statistics co-integration preliminary carried out. Specifically, empirical findings show coefficient other variables (rate interest, inflation external reserve) considered has varying degree significant relationship with in both succinct long run during under review. concludes a positive non-significant short negative sample concern.