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.
Read the article online at: https://www.worldcement.com/africa-middle-east/01032016/nigeria-stock-index-rises-dangote-cement-gains-600/