OIL PRICE BEHAVIOUR, EXCHANGE RATE MOVEMENT AND THE COVID-19 PANDEMIC IN NIGERIA: ANALYSIS OF THE FIRST THREE QUARTERS OF 2020

This paper evaluates the response of oil price and exchange rate to corona virus pandemic shock aside from link between for first three quarters 2020 in Nigeria. The theoretical framework emanates informal approach terms trade channels. Using VAR cointegration approach, results show existence long run relationship among price, movement indicators based on Max-Eigen Trace test statistic. End quarter discharge fatality negatively relate with current rate. First positively relates behaviour third while end increase fosters decline. spread gradually reduces demand quarter. All variable Granger Cause price. Diversification is key widen export base foreign stability. Policy measures sustain economy post COVID-19 beyond are necessary term development.