Foreign Exchange Rate Unification and Foreign Portfolio Investment Inflows: Evidence from Nigeria
This study examines the impact of foreign exchange rate unification on foreign portfolio investment (FPI) inflows in Nigeria, using data from 2014 to 2024. The analysis employs the Autoregressive Distributed Lag (ARDL) model to explore both long-run and short-run dynamics between foreign exchange rates and FPI. The findings reveal that a unified of...