Stocks hit 3-week high before new FX policy starts

Nigerian stocks hit a three-week high in early session on Friday as domestic investors took positions before next week’s start of interbank currency trading under new rules introduced by the Central Bank to attract foreign investors.

The main share index, driven by gains across banking and consumer goods stocks, climbed for the third straight day on Friday, rising 1.68 percent by 1032 GMT to near the 29,000 psychological level.