Dangote Cement Drags Nigerian Stocks To A More Than 10-Month low

LAGOS (Reuters) - Nigerian stocks fell 1.72 percent on Monday to a more than a 10-month low, dragged down by losses at its biggest listed company, Dangote Cement.



The Lagos bourse stock index dropped to 24,581 points, a level it last touched last April.

Dangote Cement, majority-owned by Africa's richest man Aliko Dangote and accounting for a third of total market capitalisation, fell 7.03 percent to 149.15 naira per share.

(Reporting by Chijioke Ohuocha; Editing by Catherine Evans)