Nigerian stocks rise to 5-week high as MSCI keeps Nigeria on its frontier index

Reuters
Traders take a break at the trading floor of the Nigerian Stock Exchange in Lagos, Nigeria February 10, 2016. REUTERS/Akintunde Akinleye

LAGOS (Reuters) - Nigerian stocks climbed 3.3 percent to a five-week high on Tuesday after index provider MSCI said will not implement changes for any Nigerian securities in its frontier market index following feedback from investors. MSCI said last month it would seek feedback from investors on the ease of access to the Nigerian stock market in the wake of currency controls introduced last year which could lead to it removing Nigeria from its frontier market index. (Reporting by Chijioke Ohuocha)