Nigerian stocks rise to more than one-month high

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Trading Floor of the Nigerian Stock Exchange (NSE)

Nigerian stocks extended gains on Monday, rising to a more than one-month high as investors snapped up shares in the relatively liquid banking sector and heavy weight Dangote Cement gained.

The main stock index was up 0.7% at 27,965 points, a level last seen in July although the market is still down 12% in the year to date.

Amaka E. Nliam