CBN rate policy Nigerian stocks open at 2-week high following new FX rules

The main share index rose to 28,410 points, pushed up by a 3.6 percent gain in the banking sector, to a level last seen on May 31.

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A security officer checks a man outside the Nigerian Stock Exchange in Lagos April 8, 2014. REUTERS/Akintunde Akinleye play A security officer checks a man outside the Nigerian Stock Exchange in Lagos April 8, 2014. REUTERS/Akintunde Akinleye
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Nigerian stocks opened at a two-week high on Thursday, rising 1.9 percent after the central bank introduced new currency rules designed to attract foreign investors.

The main share index rose to 28,410 points, pushed up by a 3.6 percent gain in the banking sector, to a level last seen on May 31.

Since the CBN made the announcement on Wednesday, June 15, 2016, mixed reaction across the country have trailed the announcement.

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