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Lagos

Lagos stock market rise

It's Christmas before its time on the Lagos Stock Exchange in Nigeria. On Tuesday, October 6, the index jumped over the thirty largest stocks by 5.7%, the second-best result in the last fifteen years. In the last month, the Nigerian stock market has been in good shape and has gained more than 13% as the country is going through a severe recession. Never before has the connection between the real economy and finance been so striking in Nigeria. As the country struggles with a recession synonymous with job losses and deep…

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