LAGOS, March 7 – Nigerian stocks posted their biggest daily rise for six months on Tuesday, rising 2.23 percent to 25,129 points.
Thank you for reading this post, don't forget to subscribe!Nigeria’s biggest listed company, Dangote Cement , majority-owned by Africa’s richest man Aliko Dangote and accounting for a third of total market capitalisation, rose 4.92 percent.
Brokers say better than expected corporate results especially from the banking sector after Zenith Bank and Access Bank declared dividends amidst a weak economic outlook bouyed stocks.