DIBAH EMMANUEL IFEANYI

This study examines the impact of monetary policy on international trade in Nigeria using Ordinary Least Squares (OLS) regression analysis. The study employs key monetary policy indicators, including broad money supply, interest rate, inflation rate, exchange rate, and gross domestic product (GDP), to assess their effects on trade openness in Nigeria from 1981 to 2023. The Engle-Granger two-step cointegration test is applied to determine the long-run relationship between monetary policy variables and trade openness. The findings reveal that in the long run, interest rates and GDP have significant positive effects on trade openness, while money supply negatively impacts trade openness. Exchange rate fluctuations