This Is One Thing Emefiele Has To Take Credit For

Nigerian stocks are up 11.4 percent since the Central bank of Nigeria (CBN) signalled its intention to float the Nigerian naira on June 15.

Stocks have surged to 30,127.82 points from the

27,034.05 they closed on June 14. (See chart).

NSE one month

Source: Bloomberg

Nigeria’s stock market is now worth some N10.34 trillion or $36.7 billion. ($281/$).

It currently is equivalent to about 10 percent of GDP.