Nigeria, April 29 -- Nigerian stocks rebounded on Thursday with the benchmark index advancing 1.75 per cent, clawing backgrounds lost at the previous training session as big-cap equities including Dangote Cement and MTN drove gains.

A raft of first-quarter earnings reports turned out positive, impelling investors to take a risk-on approach to trade, with companies like Access Bank, Vitafoam, Total, BUA, Okomu Oil, Dangote Sugar, Seplat, and Union Bank posting growth in profit.

Also strengthening gains, the industrial index jumped 3.58 per cent to 1,902.59 basis points, recording the best performance of the five sectorial indices tracked by the bourse.

A positive market breadth was recorded, with 24 gainers recorded relative to 17 loser...