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


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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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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