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Nigeria Bourse Seeks to Start Trading Naira Currency Futures
Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Stock Exchange plans to start trading naira futures that will help investors hedge against movements in the local currency, Chief Executive Officer Oscar Onyema said. “It would be awesome if we had a naira-dollar contract that we could trade on the exchange,” he said in an interview in London on Monday. “Futures and options are asset classes that we think would be very beneficial to foreign…
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