Nigeria stock index up 1.4 percent on Dangote Cement gains

by | February 29, 2016 3:34 pm

Nigeria’s stock index rose 1.41 percent on Monday, supported by investors’ interest in the shares of Dangote Cement, which accounts to a third of the local bourse capitalisation. Dangote Cement rose 5 percent to 141.75 naira on expectation the firm, majority-owned by African billionaire Aliko Dangote, will release a robust 2015 financial report. A market…

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