The article explores the relationship between inflation and stock returns in Nigeria from 1985 to 2018. Using various economic data and statistical methods, the researchers found that there is a long-term connection between stock returns and inflation. They also discovered a short-term relationship between the two, with stock returns being influenced by inflation. Additionally, the study revealed that there is a one-way relationship between stock returns and inflation, suggesting that stock returns can be used as a hedge against inflation for investors.