Nov. 5 (Bloomberg) -- Nigeria’s benchmark All-Share Index rose 116.19, or 0.5 percent, to 21,318.78, according to data obtained from the Nigerian Stock Exchange’s Web site.

Bank PHB Plc (PLATINUM NL), a Nigerian lender, declined for a 12th day, falling 9 kobo, or 4.8 percent, to 1.8 naira a day after Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission, accused two former directors of the bank of granting a 450 billion-naira ($2.97 billion) credit facility to an unnamed borrower without collateral.

Julius Berger Nigeria Plc (JBERGER NL), a unit of Germany’s Bilfinger Berger AG, advanced 2.17 naira, or 5 percent, to 26.84 naira after the company said yesterday it won a contract worth $223.2 million to complete a 275-kilometer (171-mile) rail line. The line will run from Ajaokuta, the base of the country’s largest steel company in the central state of Kogi, to the port city of Warri in the oil-rich Niger River delta.

Nigerian Aviation Handling Co. (NAHCO NL), the West African nation’s biggest air-cargo handler, climbed for a third day, advancing 35 kobo, or 4.9 percent, to 7.50 naira after it said yesterday that third-quarter profit through September rose 34 percent to 1.08 billion naira.

Northern Nigeria Flour Mills Plc (NNFM NL), climbed to its highest price in a year, rising 94 kobo, or 5 percent, to 19.82 naira after the company said yesterday that profit for the six months through September advanced to 328.7 million naira ($2.17 million), from 75.2 million naira a year earlier.

To contact the reporter on this story: Ana Monteiro in Johannesburg at amonteiro4@bloomberg.net.

Last Updated: November 5, 2009 11:24 EST