Mobil Nigeria Rises to 15-Month High After Says Full-Year Profit Increases

Mobil Nigeria Plc, a petroleum products marketer, rose to the highest level in almost 15 months after erporting a 65 percent increase in profit for the year through December to 2.84 billion naira.

The stock gained 8.13 naira, or 4.8 percent, to 182.99 naira, the strongest level since March 2, 2009.

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

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