Nov. 9 (Bloomberg) -- Nigeria’s benchmark All-Share Index fell 150.32, or 0.7 percent, to 21,366.97, according to data obtained from the Nigerian Stock Exchange’s Web site.

C&I Leasing Plc (CILEASIN NL), a Nigerian car and machinery-leasing company, advanced after it said on Nov. 6 first-half through July profit climbed 29 percent to 281 million naira ($1.85 million) from a year earlier as sales increased 73 percent to 4.11 billion naira. The shares jumped 11 kobo, or 4.9 percent, to 2.36 naira, a third day of gains.

Intercontinental Bank Plc (INTERCON NL), a Nigerian lender, fell for a 13th day, declining 1 kobo, or 4.6 percent, to 2.08 naira, extending its decline so far this year to 84 percent.

Nigeria’s Economic and Financial Crime Commission today filed a 20-count charge against the bank’s former managing director, Erastus Akingbola, in a Federal High Court in Lagos, with a view to extraditing him from U.K., the Vanguard newspaper reported, without saying where it got the information.

Akingbola is among eight chief executive officers of Nigerian banks dismissed earlier this year by the Central Bank of Nigeria whose move aimed to stabilize an industry reeling from bad debt. At the same time, the central bank injected 620 billion naira into 10 lenders to boost their capital and liquidity.

Standard Alliance Insurance Plc (STDINSUR NL), a Nigerian insurer, rose for the first day in seven, climbing 3 kobo, or 3.7 percent, to 85 kobo after the company said on Nov. 6 third- quarter profit surged 81 percent to 1.67 billion naira in the three months through September.

To contact the reporter on this story: Dulue Mbachu in Lagos at dmbachu@bloomberg.net.

Last Updated: November 9, 2009 11:07 EST