SALMAN, Ramat TitilayoOYESIJI, Yinusa KolawoleABDULMUMIN, Biliqees Ayoola2021-11-012021-11-0120182630-7030https://uilspace.unilorin.edu.ng/handle/20.500.12484/6814Stock market plays a vital role in economic prosperity by fostering capital formation and sustaining economic growth in most economies across the world. In order to develop the market, regulatory reforms aimed at opening up the market for globalization were introduced. These reforms includes indigenization policy of 1977, Structural Adjustment Programme regime of 1986, Financial liberalization of 1995, the deregulation and post-deregulation eras, to mention but a few (NSE,2016); the expectation is that these reforms (which include some of the variables) will enhance the efficiency of the market. The study examined the effects of macroeconomics indicators on stock market performance in Nigeria. Monthly time series that were sourced from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS) and Nigeria Stock Exchange (NSE) from 2006 to 2016 for this study. The following tests were conducted: unit root, two-step co- integration tests, Autoregressive Conditional Heteroskedasticity (ARCH) test and the first differential test. Autoregressive Distributed Lag (ARDL) was used in estimating the parameters of the model. The result revealed that broad money supply, Consumer Price Index (CPI), exchange rate, and a month lag of prime lending rate have significant effect on stock market performance. The study concluded that macroeconomics indicators affect stock market performance in Nigeria. It was, therefore, recommended that monetary authority should effectively monitor the selected macroeconomics indicators in order to improve stock market returns in Nigeria.enMarket returnvolatilitymacroeconomic indicatorsArticle