Nigerian stocks hit 5-week high on MSCI index news

Nigerian stocks climbed to a five-week high on Tuesday after index provider MSCI said it would not change the status of Nigerian securities on its frontier index. MSCI last month said it would consult investors on the ease of access to the Nigerian stock market in the wake of currency controls introduced last year which could have led to it removing Nigeria from its frontier index. Nigeria's stock market, which has the second-biggest weighting behind Kuwait on the MSCI frontier index, gained 3.2