This study examines the impact of oil price volatility on economic growth in Nigeria over the period 1990–2024. Real exchange rate, nominal exchange rate, exchange rate volatility and inflation rate as a stand in for exchange rate volatility while oil export revenue serves as the dependent variable. Data were sourced from the World Banks World Development Indicator (WDI), and Central Bank of Nigeria) statistical Bulletin 2024. The empirical result revealed that exchange rate molality had a long-run relationship with oil export revenue in the long-run according to the bound test. Further findings showed that both the real exchange rate and nominal exchange rate exert a negative but statistically significant effect on oil export revenue, while exchange rate volatility and inflation rate exhibit a positive but statistically insignificant relationship with oil export revenue in the long run. Based on these findings, the study concludes that exchange rate volatility plays a significant role in influencing oil export revenue in Nigeria. It was recommended amongst other that the Central Bank of Nigeria should prioritize policies that promote exchange rate stability. This can be achieved through managed float regimes, adequate foreign reserve management, and timely interventions in the foreign exchange market to reduce excessive depreciation of the naira.