Nov. 24 (Bloomberg) -- Nigeria’s benchmark All-Share index fell 185.93, or 0.86 percent, to 21,322.66, according to data obtained from the Nigerian Stock Exchange’s Web site.

Union Bank of Nigeria Plc (UBN NL), a lender rescued by the Central Bank of Nigeria, fell a fourth day, declining 32 kobo, or 5 percent, to 6.14 naira.

Union Bank said Nov. 20 that it made a loss of 72.9 billion naira ($485.9 million) in the year through March, compared to a profit of 26.95 billion naira a year earlier.

Union Homes Savings & Loans Plc (UNHOMES NL), a Nigerian lender and a unit of Union Bank, fell to its lowest level in a week, shedding 5 kobo, or 4.5 percent, to 1.06 naira, after reporting a full-year loss.

The company’s loss in the 12 months through March was 2.25 billion naira, compared to a profit of 2 billion naira a year earlier.

To contact the reporter on this story: Vincent Nwanma in Lagos at vnwanma@bloomberg.net.

Last Updated: November 24, 2009 10:28 EST