January 4, 2018 / 3:07 PM / Updated an hour ago

Nigerian stocks rise 1.5 pct to 3-week high, lifted by banks

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

A security officer checks a man outside the Nigerian Stock Exchange in Lagos April 8, 2014. REUTERS/Akintunde Akinleye

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.

Reporting by Chijioke Ohuocha; Editing by Kevin Liffey

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