Exchange rate and inflation in nigeria

This study examines the impact of exchange rate on inflation in Nigeria over the period of 1981-2015. Secondary data were collected from the CBN statistical This paper presents a macroeconomic model of the Nigerian economy. The long- run relationships pertaining to the markets for money, foreign exchange, and ( non wage growth, exchange rate depreciation, inflation, monetary growth, and the Solow 1986, Nigeria's exchange rate system was administratively managed ( This paper investigates the impact of inflation on real exchange rate volatility in Nigeria, using a quarterly data of 181 series from the first quarter of 1970 all 26 Sep 2019 Abstract This paper empirically examines the impact of exchange rate volatility on inflation in Nigeria using annual time series data from 1986

7 Sep 2016 Nigeria's economy is in recession and experiencing credit tightening. Following the flexible naira exchange rate regime announcement, concern that a further depreciation could fuel inflation at a time when the economy is

120 The dynamics of money supply, exchange rate and inflation in Nigeria survey of literature in section two; section three is on a review of monetary and exchange rate policies in Nigeria. While section four describes the methodology of research, section five is on results, policy implications and conclusion. The rate of inflation in a country can have a major impact on the value of the country's currency and the rates of foreign exchange it has with the currencies of other nations. However, inflation

During the recession which lasted from 2016 to 2017, the inflation rate increased to over 20%. Between January and May 2016, there was a sharp rise in the inflation rate from less than 13% in January to 15.6% in May. In fact, data from the Nigerian Bureau of Statistics revealed that inflation rose from 13.7% in April to 15.6% in May.

Nigeria. Exchange rate was significant and positively related to inflation in the impact on inflation in Nigeria and recommended that monetary and fiscal. 22 Aug 2008 demand in Nigeria. Keywords: Nigeria, exchange rate, inflation, money supply, slope dummy, vector error correction. Douglason G. Omotor*. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a 1 Dec 2019 Nigeria's central bank expects to maintain its stable exchange rate policy term and keep monetary policy tight in 2020 to combat inflation and 15 Oct 2019 By 2008, inflation in Nigeria had dramatically devalued the currency. Assume that the exchange rate for the USD/NGN is 361. This means it growth of the Nigerian economy become imperative and the dynamics of inflation became central to „„Exchange Rate Pass-Through to Inflation in Nigeria‟‟.

4 Apr 2013 In Nigeria, devaluation of Naira has resulted into increase in capital flight instead of inflow of foreign investment. It is well known that Nigeria's

Also, markets anticipate future inflation. If they see a policy likely to cause inflation (e.g. cutting interest rates) then they will tend to sell that currency causing it to fall in anticipation of the inflation. How the exchange rate affects inflation. If there is a depreciation in the exchange rate, it is likely to cause inflation to increase. During the recession which lasted from 2016 to 2017, the inflation rate increased to over 20%. Between January and May 2016, there was a sharp rise in the inflation rate from less than 13% in January to 15.6% in May. In fact, data from the Nigerian Bureau of Statistics revealed that inflation rose from 13.7% in April to 15.6% in May. The positive movement in the value of Nigerian Naira in parallel and foreign exchange markets is not a bad result for Nigerian economy in 2019. However, a well-managed exchange rate is not enough by itself. High inflation rates in the second half of the year is a heavy burden on all sectors.

growth of the Nigerian economy become imperative and the dynamics of inflation became central to „„Exchange Rate Pass-Through to Inflation in Nigeria‟‟.

Also, it was revealed that there is a positive relationship between gross domestic product, inflation rate and exchange rate in Nigeria with F = 10.327. Finally, the research found that there is a positive relationship between gross domestic product, inflation rate, exchange rate and money supply in Nigeria with F = 6.544. Nigeria: Central Bank keeps policy rate stable in January but hikes cash reserve ratio to curb liquidity January 24, 2020 At its first meeting of the year on 23–24 January, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) decided to hold its monetary policy rate unchanged, as had been broadly expected by analysts.