The paper examines the causal relationship between energy consumption and economic
growth for eleven countries in sub-Saharan Africa. Using the autoregressive distributed lag …

This study examines the consequences of oil price volatility on the growth of the Nigerian
economy within the period 1970 to 2010. Using quaterly data and employing the VAR …

There is no doubt that petroleum (crude oil) has contributed substantially to Nigerian
revenue since its discovery in 1956 and more especially, since 1970 when its price was on …

Oil as the mainstay of the Nigerian economy, accounts for over 95 percent of its foreign
earnings and about 83 percent of its budgetary allocation, to this end, changes in oil prices …

Oil has historically been the most significant primary energy source for our daily lives and
business activities. However, recent skyrocketing oil prices have been one of the greatest …

As a mono-product economy, where the main export commodity is crude oil, volatility in oil
prices has implications for the Nigerian economy and, in particular, exchange rate …

This study investigated the impact of crude oil price and exchange rate on economic growth
in Nigeria using an autoregressive distributed lag model covering the period from 1982 …

The paper develops a structural VAR model in which the asymmetric impact of oil shocks on
output and price is analyzed in a unifying model. The model is applied to Nigeria using …

This paper explores the impacts of positive and negative changes in crude oil price and
exchange rate variables on raw material procurement prices and product ex-factory prices of …

Oil prices traditionally have been more volatile than many other commodity or asset prices
since World War II and has have a lot implications on major macroeconomic variables such …