Adaobi Mmachukwu Udoye

Senior Lecturer | Senior Lecturer

Faculty of Physical Science · Department of Mathematics

Specialization Mathematics

Office: Department of Mathematics,

Phone: 08030866529

Email: adaobi.udoye@fuoye.edu.ng

Biography

Dr. Adaobi Mmachukwu Udoye is a Senior Lecturer in the Department of Mathematics at the Federal University Oye-Ekiti (FUOYE), Nigeria, with over a decade of experience in teaching, research, and academic administration. She obtained her B.Sc., M.Sc., and Ph.D. in Mathematics from the University of Ibadan, specializing in Financial Mathematics, with a research focus on Malliavin Calculus, Lévy processes, and the sensitivity analysis of interest rate derivatives.
Since joining FUOYE in 2013, Dr. Udoye has progressed through the academic ranks from Assistant Lecturer to Senior Lecturer. She has made significant contributions to undergraduate and postgraduate teaching, supervising master's degree research and mentoring students in mathematical modelling, optimization, and other areas of applied mathematics.
Dr. Udoye has established herself as an active researcher with an impressive publication record in reputable international journals, including numerous Scopus-indexed publications in financial mathematics, stochastic analysis, and applied mathematics. Her scholarly work has advanced the application of stochastic calculus and Lévy processes in modelling financial derivatives and risk management.
Beyond research and teaching, she has held several important administrative positions, including Deputy Dean of the old Faculty of Science (9th Nov 2022 - July 31st, 2025), Departmental Examination Officer (2016 – October, 2022), and Quality Assurance Central Coordinating Committee Representative for the Directorate of JUPEB. She has also participated extensively in national and international conferences, workshops, and professional development programmes across Nigeria, Ghana, Senegal, and the Republic of Benin.
Dr. Udoye is a member of Nigerian Association of Women in Academics (NAWACS). Her commitment to academic excellence, impactful research, quality teaching, and institutional service has contributed significantly to the advancement of mathematics education and research in Nigeria.

Research Interests

Applied Mathematics

Qualifications

• B.Sc (Mathematics), University of Ibadan, Ibadan, Nigeria (2008)
• M.Sc (Mathematics), University of Ibadan, Ibadan, Nigeria (2012)
• PhD (Mathematics), University of Ibadan, Ibadan, Nigeria (2019)

Selected Publications

1. An Interest Rate Derivative and its Sensitivities in a Subordinated Lévy Market
   Authors: A. M. Udoye
   Journal of Nigerian Mathematical Society. Vol. 44, No. 2, pp. 289-301 (2025)
2. Solving the Black–Scholes European options model using the reduced differential transform method with powered modified log--payoff function
   Authors: S. E. Fadugba, A. M. Udoye, A. A. Adeyanju, O. Makinde, S. C. Zelibe , P. A. Bankole, S. O. Edeki, C. Achudume & M. C. Kekana
   Partial Differential Equations in Applied Mathematics, Vol. 13(101087), pp. 1-7. (2025)
3. The Analysis of Black-Scholes Model of Option Pricing with Time-varying Parameters on Share Prices for Capital Markets
   Authors: I. U. Amadi, N. Akani, C. P. Ogbogbo, S. I. Aboko & A. M. Udoye,
   Applied Mathematics & Information Sciences, Vol. 18, No. 3, pp. 673-678. (2024)
4. Investigating Stock Market Volatility and other Volatility Sources using Stochastic Volatility Models
   Authors: C. P. Ogbogbo, S. C. Emenyonu, B. O. Osu & A. M. Udoye
   Applied Mathematics & Information Sciences, Vol. 18, No. 4, pp. 827-837 (2024)
5. Vega and Theta of an Interest Rate Derivative
   Authors: A. M. Udoye & C. P. Ogbogbo
   Journal of Statistics Applications and Probability, Vol. 13, No. 3, pp. 1097-1105. (2024)
6. Generalization of a Variance-Gamma-Driven Interest Rate Derivative
   Authors: A. M. Udoye & M. F. Salami
   International Journal of Applied Mathematics. Vol. 37, No. 2, pp. 239–245 (2024)
7. Extension of Short Rate Model under a Lévy Process
   Authors: A. M. Udoye
   Fountain Journal of Natural and Applied Sciences. Vol. 12, No. 2, pp. 1-4. (2023)
8. Special greeks of a variance-gamma driven vasicek model.
   Authors: A. M. Udoye & L. S. Akinola
   Scientific African, Vol. 19, e01466 (2023)
9. Sensitivity analysis of interest rate derivatives in a normal inverse Gaussian Lévy market
   Authors: A. M. Udoye & G. O. S. Ekhaguere
   Italian Journal of Pure and Applied Mathematics – N. 50–2023, pp. 618–638 (2023)
10. Application of Variance Gamma-Driven Model in a Financial Instrument. TETFUND sponsored
    Authors: A. M. Udoye, E. O. Ogbaji & L. S. Akinola
    Fuoye Journal of Innovation, Science and Technology, Vol. 2, No. 2, pp. 285-290 (2022)
11. Sensitivity analysis of a class of interest rate derivatives in a variance gamma Lévy market
    Authors: A. M. Udoye & G. O. S. Ekhaguere
    Palestine Journal of Mathematics. Vol. 11, No. 2, pp. 159-176 (2022)
12. Sensitivity Analysis of Variance Gamma Parameters for Interest Rate Derivatives
    Authors: A. M. Udoye, L. S. Akinola, M. N. Annorzie & Y. Yakubu
    IAENG International Journal of Applied Mathematics, Vol. 52, No. 2, pp. 492-499 (2022)
13. Malliavin calculus in a stock market and the Greek ‘Theta’
    Authors: A. M. Udoye
    Transactions of the Nigerian Association of Mathematical Physics. Vol. 16, (July−Sept. Issue), pp. 367−371 (2021)
14. Interest rate modelling in the presence of discontinuities and its sensitivities
    Authors: A. M. Udoye, E. O. Ogbaji, L. S. Akinola & M. N. Annorzie
    Annals of Science and Technology - C , Vo l . 6, No. 1, pp. 9 -15 (2021)
15. Jump-diffusion process of interest Rates and the Malliavin calculus
    Authors: A. M. Udoye, C.P. Ogbogbo & L.S. Akinola
    International Journal of Applied Mathematics. Vol. 34, No. 1, pp. 183-202 (2021)
16. The Ornstein-Uhlenbeck Operator for Uncorrelated Random Variables
    Authors: A. M. Udoye, C. P. Ogbogbo & R. A. Twum
    Applied Mathematics & Information Sciences, Vol. 15, No. 5, pp. 639-643 (2021)
17. Ornstein-Uhlenbeck operator for correlated random variables
    Authors: A. M. Udoye, Y. Yakubu, E. O. Adeyefa, E. O. Ogbaji & L.S. Akinola
    IAENG International Journal of Computer Science. Vol. 48, No. 4, pp. 925-929 (2021)
18. Extension of Hull-White Model to a Jump Process
    Authors: A. M. Udoye & L. S. Akinola
    FUOYE Journal of Pure and Applied Sciences. Vol. 5, Issue 1, pp. 148-153 (2020)
19. Extension of Vasicek model to the modelling of interest rate
    Authors: A. M. Udoye, L. S. Akinola & Ogbaji, E. O.
    FUDMA Journal of Sciences (FJS). Vol. 4 No. 2, pp. 151 – 155 (2020)
20. Mathematical Model of Impact of Vaccination and Treatment Strategy for Eradication of Tuberculosis with Absence of Emigration Effect
    Authors: E. O. Ogbaji, A. M. Udoye, J. Ochigbo, O. BenJohnson & I. M. Ali
    FUW Trends in Science & Technology Journal. Vol.4, No.3, pp. 826-834 (2019)
21. Mathematical model for the vaccination and treatment strategy to eradicate tuberculosis with migration and Permanent immunity effect
    Authors: E. O. Ogbaji, A. M. Udoye, C. E. Madubueze, E. O. Anyanwu & N. C. Ine
    Confluence Journal of Pure and Applied Sciences (CJPAS), Faculty of Science, Federal University Lokoja, Kogi State, Nigeria. Vol. 3, No. 1, pp. 1-21 (2019)
22. Orthogonal-Based Sixth Order Algorithm as Initial Value Solver
    Authors: E. O. Adeyefa, R. B. Adeniyi, R. O. Folaranmi & A. M. Udoye
    FUW Trends in Science & Technology Journal. Vol. 1, No. 2, pp. 352-359. e-ISSN: 24085162; p-ISSN: 20485170 (2016)
23. Monodromy Matrices Analysis Approach of Stability of Solutions of Certain Systems of Differential Equations with Periodic Coefficients
    Authors: L. S. Akinola, O. E. Abolarin, E. O. Adeyefa & A. M. Udoye
    Journal of Nigerian Association of Mathematical Physics, Vol. 36, No. 2, pp. 29-36 (2016)
24. Generating a New Class of Orthogonal Polynomials with Recurrence Relation
    Authors: E. O. Adeyefa, R. B. Adeniyi, O. E. Abolarin, L. S. Akinola & A. M. Udoye
    Journal of the Nigerian Association of Mathematical Physics. Vol. 36, (July 2016), pp. 81-84 (2016)
25. Fuzzy Bigroup from another View Point
    Authors: L. S. Akinola, Y.T. Oyebo, O. E. Abolarin, A. M. Udoye & L. O. Salaudeen
    Fountain Journal of Natural and Applied Sciences. Vol. 5, No. 2, pp. 7-11 (2016)

Professional Qualification

• National Certificate in Education - Federal College of Education (Technical), Umunze, Anambra State (2003)

Prizes

• Tropical Geometry Book by Prof. Bernd Sturmfels and Prof. Frank Sottile, - CIMPA Research School on Combinatorial and Computational Algebraic Geometry held at University of Ibadan, Ibadan, Nigeria, 11-24 June, 2017 (2017)

Membership of Professional Bodies

• National Association of Women in Academics (NAWACs) (2024)

Paper Presentation - International

• An Interest Rate Derivative and its Sensitivities in a Subordinated Lévy Market. - Virtual International Conference On Computational Intelligence, Simulation, Financial Engineering and Mathematical Modelling for Industry and Commerce(CISSFEMM), Great Zimbabwe University, 30-31st August, 2022 (2022)