Nigeria stock index rises 1.4% on Dangote Cement gains

Bymc2008

Updated Tue, 01 Mar 2016 17:37:06 GMT

Reuters are reporting that Nigeria's stock index increased by 1.41% on 29 February, supported by investors' interest in the shares of Dangote Cement. The company accounts to a third of the local bourse capitalisation.

Dangote Cement increased 5% to 141.75 naira on expectation that the company will release a robust 2015 financial report.

The company may release its full-year results on 1 March with promise of positive dividend payment.