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...The quantity theory of money evidence from nigeria phebian n omanukwue this paper examines modern using quarterly time series data for period study uses engle granger two stage test cointegration to examine long run relationship between prices output and interest rate ratio demand deposits proxy financial development finds convincing a in line with restrictions imposed by on real supply do not hold an absolute sense causality is also used establishes existence weakening uni directional core consumer all result indicates that monetary aggregates still contain significant albeit information about developments inflationary pressures are dampened improvements sector keywords qtm adf jel code e c author s mail address pomanukwue worldbank org i introduction oney plays important role facilitating business transactions economy second round effects these overall m growth point where fiscal policies play their roles conceptually quantum its consistency absorptive capacity underpins essence poli...