The study looked at how inflation affects stock returns in the Nigerian Stock Market from 1995 to 2010. It found that inflation has a small negative impact on stock returns, meaning it doesn't strongly predict how stocks will perform. However, changes in stock prices do seem to be linked to inflation. The government should focus on stabilizing inflation and creating tax policies that consider how the stock market works. Monetary policies should aim for realistic price levels to benefit investors in Nigeria's stock market.