Abstract

This study evaluates the impact of COVID-19 pandemic on oil price, exchange rate and stock market performance, and the implications for Transnational Corporations (TNCs) and Foreign Direct Investment (FDI) inflow in Nigeria. The study used daily data over the period 1 Decebber 2019 to 31 May 2020. The study employed descriptive and causality techniques. The study observed that COVID-19 had adverse effects on oil price, exchange rate and stock market performance in Nigeria. Also, the study observed that COVID-19 had more impact on oil price, exchange rate and stock market performance than the 2009 and 2016 global recessions. The causality estimate showed that oil price had significant influence on exchange rate and stock market performance while exchange rate significantly influenced stock market performance. The study concluded that impact of COVID-19 pandemic on oil price, exchange rate and stock market performance had implications for TNCs and FDI inflow in Nigeria.

摘要

这项研究评估了COVID-19大流行对石油价格，汇率和股票市场表现的影响，以及对尼日利亚的跨国公司（TNC）和外国直接投资（FDI）流入的影响。该研究使用了2019年12月1日至2020年5月31日期间的每日数据。该研究采用了描述性和因果关系技术。研究发现，COVID-19对尼日利亚的油价，汇率和股票市场表现有不利影响。此外，研究还发现，与2009年和2016年全球经济衰退相比，COVID-19对油价，汇率和股票市场表现的影响更大。因果关系估计表明，油价对汇率和股票市场表现有显着影响，而汇率对股票市场表现有显着影响。