Nigeria, March 26 -- Nigerian stocks jump 0.53 per cent further Thursday as investors' exuberance for and buy pressure on Stanbic IBTC Holdings shares drove trade, a day after the financial services group announced twin compensations for shareholders.

The group on Wednesday announced N3.60 per share final dividend and a bonus issue of one new share for every six held.

Gains by Stanbic IBTC shares contributed N29.870 million to market capitalisation as wireless operator MTN and UPDC REIT also lifted trade.

The insurance index emerged the day's biggest riser of the five sectorial indices, advancing 0.81 per cent to 200.09 points.

Twenty three gainers were recorded compared to 12 losers, causing the market to close with a positive breadt...