FX convergence to trigger new stock market rally

FX convergence to trigger new stock market rally

The move for a convergence in the foreign exchange market will trigger a new stock market rally. The FMDQ OTC Securities Exchange which oversees interbank trading, last week asked lenders to publish quotes reflecting trades in the Investors’ & Exporters’ FX (NAFEX) Window, an indication that Nigeria is gradually moving closer to a single naira…

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