Federal College of Education (Technical), Umunze, Anambra State
FUOYE Academic Staff Profile
Adaobi Mmachukwu Udoye
Senior Lecturer
Department of Mathematics, Faculty of Physical Science
Area of Specialization: Mathematics
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
| Degree | Institution | Year |
|---|---|---|
| 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 |
Professional Qualification
Prizes
CIMPA Research School on Combinatorial and Computational Algebraic Geometry held at University of Ibadan, Ibadan, Nigeria, 11-24 June, 2017
Membership of Professional Bodies
Paper Presentation - International
Virtual International Conference On Computational Intelligence, Simulation, Financial Engineering and Mathematical Modelling for Industry and Commerce(CISSFEMM), Great Zimbabwe University, 30-31st August, 2022
Selected Publications
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
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
Open publicationThe 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
Open publicationInvestigating 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
Open publicationVega 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
Open publicationGeneralization 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
Open publicationExtension 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
Open publicationSpecial greeks of a variance-gamma driven vasicek model.
Authors: A. M. Udoye & L. S. Akinola
Scientific African, Vol. 19, e01466 • 2023
Open publicationSensitivity 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
Open publicationApplication 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
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
Open publicationSensitivity 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
Open publicationMalliavin 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
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
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
Open publicationThe 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
Open publicationOrnstein-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
Open publicationExtension 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
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
Open publicationMathematical 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
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
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
Open publicationMonodromy 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
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
Open publicationFuzzy 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
