Nigeria’s banking sector lift stocks by 1.5% three weeks high

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LAGOS – Nigerian stocks rose 1.5 percent to a three-week high on Thursday, lifted mostly by gains from the relatively liquid banking sector.

Shares rose for the second day this year to 38,761 points. The index rose 42 percent last year with traders expecting further gains in 2018, fuelled by hopes of lower interest rates and a stable currency.

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