M. Uhunmwangho

Effect of Monetary Policy on Commodity Prices in Nigeria

Year of Publication
Publication Type
Abstract
This study delves into the intricate relationship between monetary policy and commodity prices in Nigeria, with a focus on the period between 2000 and 2023. Utilizing a vector utoregression (VAR) model and impulse response functions, this research investigates the dynamic effects of monetary policy tools, including interest rates and money supply, on commodity prices. The findings reveal that monetary policy has a significant impact on commodity prices, with interest rates exhibiting a more pronounced effect. Specifically, an increase in interest rates leads to a decrease in commodity prices, while an expansion in money supply results in an increase in commodity prices. The study's outcomes have profound implications for policymakers, as they underscore the importance of carefully calibrating monetary policy to mitigate inflationary pressures and stabilize commodity prices. Ultimately, this research contributes to the existing literature by providing fresh insights into the monetary policy-commodity price nexus in Nigeria,
and offers valuable recommendations for policymakers seeking to promote economic stability and growth.
Supervisor(s)
co-supervisor

Exchange Rate Volatility, Macroeconomic Instability and Foreign Portfolio Investment in Nigeria

Author(s)
Year of Publication
Publication Type
Abstract
This study examines the effect of exchange rate volatility and macroeconomic variable instability on foreign portfolio investment in Nigeria. The data for this study was collected from World Bank Economic Indicator database and the Nigerian Security and Exchange commission Statistical Bulletin covering 1981 to 2024. The longitudinal research design was adopted by this study. The dynamic least sqaures regression technique was utiized and the E-view 9.0 econometric software was used for the
analysis. This study found that exchange rate volatility, growth in gross domestic product negatively and signficantly affect forign portfolio investement, while inflation rate and interest rate positively and significantly infleunce forign portfolio investement. The study recommend among others that the Nigerian government, particularly the Central Bank of Nigeria should intensify effort gear towards stabilizing exchange rate; and that government should deepen current reforms directed at reducing general price level (inflation), as doing so will stimulate foreign portfolio investment inflows into the country
Supervisor(s)
co-supervisor

DETERMINANTS OF BANK LIQUIDITY IN NIGERIA

Author(s)
Department
Year of Publication
Publication Type
Abstract
This study examined the determinants of bank liquidity in Nigeria. The indicators investigated are non-performing loan, net interest margin, cash reserve ratio, monetary policy rate and capital adequacy ratio. Thirteen (13) banks listed in the Nigerian
Exchange limited were investigated. Data for the study were collected from annual report of the listed banks, the Central Bank of Nigerian statistical bulletin for the period 2010 to 2021. The difference generalised method of moment was applied on dynamic model to e indicators on bank liquidity. The E-view 9.0 computer software was used for the analysis. This study found that cash reserve ratio, monetary policy rate and capital adequacy ratio are significant determinants of bank liquidity in Nigeria, and recommends bank managers should pay devoted attention to monetary policy regulatory instruments especially cash reserve ratio and monetary policy rate because of their effect on bank liquidity. Also, that bank managers should ensure they have adequate capital because high capital is a potential booster of bank liquidity
Supervisor(s)
co-supervisor