As reserves reach $40.72, the highest level since June, equity investors profit by N65 billion.

The Nigerian Exchange (NGX) all-share index rose seven basis points, reversing last week’s negative performance and giving equity investors a gain of almost N65 billion.
Nigeria’s external reserves reached $40.72 billion, the most since June, at the same time.Analysts say this provides the Central Bank of Nigeria (CBN) “with additional firepower to support the naira.”The local bourse’s strong price movement on Monday caused the market index, year-to-date return, and market capitalization to soar.