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Impact Of Global Financial Crisis On Crude Oil Prices, Stock Prices And Inflation Rates In Nigeria
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The above figure on the Petroleum Sector shows clearly that the impact was noticeable in all the companies selected for the study. Chevron which was leading in share prices some periods before the impact of the crisis, fall drastically to some points below N100 per share. This company recorded as much as N420 per share even during the crisis. In all, the impact was much on the Petroleum Section.
Figure 4.4 above is on crude oil prices and inflation rate. Though the crude oil prices tend to dwarf the inflation rate, we can still see that the impact of the crisis was much on crude oil prices as the price drops so low that the economy was shaken. There was no noticeable impact on inflation even though the inflation rate tends to increase during the periods of the crisis.
From the data and the graph plotted, we divided the periods into two.
Before impact of crisis - July 2007 – April 2008
During Crisis - May 2008 – April 2009
This division was necessary to enable us do some comparison on the impact of the crisis on stocks, inflation and crude oil prices.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study explains the effects of financial crisis on crude oil prices, stock prices and inflation rates in Nigeria and the global markets. Data were obtained from major players in the financial and oil sectors of the economy. They were analyzed using statistical packages. The results showed that crude oil and stock prices were both increasing before the crisis and decreased during and after the crisis. It was also observed that the inflation rate was increasing. ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTS Front Matter Author’s DeclarationAbstractTable of ContentsCHAPTER ONE: INTRODUCTION Summary of Chapter One – Introduction Objectives of the studySignificance of the study.CHAPTER TWO: LITERATURE REVIEW 2.1 Introduction Stock Market in Nigeria/Financial CrisisInflation/Crude Oil Prices CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY IntroductionResearch DesignSources of DataData PresentationData Analysis TechniqueModel Specification Chapter Four: DATA ANALYSIS Intro ... Continue reading---
CHAPTER ONE - [ Total Page(s): 2 ]OBJECTIVES OF THE STUDYTo determine the trend in stock prices movement before and during the financial crisis.To determine the trend of inflation rate movement before and during the financial crisis.To determine the trend of crude oil prices before and during the financial crisis.To compare the stock prices before the crisis and during the financial crisis.To compare the inflation rates before the financial crisis and during the financial crisisTo compare crude oil prices before and during the f ... Continue reading---
CHAPTER TWO - [ Total Page(s): 4 ]CHAPTER TWOLITERATURE REVIEWINTRODUCTIONThis chapter is a review of the literature encountered during the course of this study. It aims to set out the foundation upon which the author builds and addresses the lack of specific literature on financial crisis by building bridges between the literature that is available in the field of inflation, stock market and the literature concerning crude oil prices.The chapter also evaluates the current information on the state of the global financial crisis. ... Continue reading---
CHAPTER THREE - [ Total Page(s): 3 ]Every sample has some variation in it (unless all the values are identical, and that's unlikely to happen). The total variation is made up of two parts, the part that can be explained by the regression equation and the part that can't be explained by the regression equationWell, the ratio of the explained variation to the total variation is a measure of how good the regression line is. If the regression line passed through every point on the scatte ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 2 ]CHAPTER FIVESUMMARY, CONCLUSION AND RECOMMENDATIONSSUMMARYChapter one saw us introducing the concept of global financial crisis. Attempts are made to give a background of global financial crisis, viz a viz the Nigeria situation. Nigeria is a part and parcel of the committee of nations low vulnerable. It was observed that Nigeria economy to global financial crisis and what have been the effects of the inflation, the magnitude and trend on the various sectors.Also, the objectives for this research ... Continue reading---
REFRENCES - [ Total Page(s): 2 ]BIBLIOGRAPHY1. (2009b), “Initial Lessons of the Crisisâ€, February.2. Adelman, M. A. (1990), Mineral depletion, with special reference to Petroleum. The review of economic and statistics. 72(1) February pp.1-103. Adeyeye, E.A. and T.O. Fakiyesi. 1980. “Productivity Prices and Incomes Board and anti inflationary policy in Nigeriaâ€. In The Nigerian Economy under the Military, Proceedings of the 1980 Annual Conference of the Nig ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study explains the effects of financial crisis on crude oil prices, stock prices and inflation rates in Nigeria and the global markets. Data were obtained from major players in the financial and oil sectors of the economy. They were analyzed using statistical packages. The results showed that crude oil and stock prices were both increasing before the crisis and decreased during and after the crisis. It was also observed that the inflation rate was increasing. ... Continue reading---