National Saltnigeria traded at 10.90 this Friday February 3rd, increasing 0.15 or 1.40 percent since the previous trading session. Looking back, over the last four weeks, National Saltnigeria gained 1.80 percent. Over the last 12 months, its price fell by 17.74 percent. Looking ahead, we forecast National Saltnigeria to be priced at 10.69 by the end of this quarter and at 10.07 in one year, according to Trading Economics global macro models projections and analysts expectations.

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Peers Price Day Year
Dangote Group 17.10 0.10 0.59% -3.39%
Guinness Nigeria 63.00 0 0% 29.76%
International Breweries 4.60 0 0% -8.00%
National Saltnigeria 10.90 0.15 1.40% -17.74%

Indexes Price Day Year
NSE-All Share 54213 214.97 0.40% 14.66%

National Saltnigeria
Nascon Allied Industries Plc is involved in salt refining and distribution. The Company is engaged in the processing of raw salt into refined, edible and industrial salt. The Company produces seasoning, tomato paste and vegetable oil, operating principally in Nigeria. It also produces other food-related products. Its segments include Salt, Seasoning, Tomato, Vegetable Oil and Freight income. Salt retail packs come in various sizes, such as 250grams, 500grams and one kilogram, and are sold under the brand name DANGOTE REFINED SALT. Seasoning are sold under the brand name DANQ, Tomato is sold as DANGOTE TOMATO PASTE, and Vegetable Oil is sold as DANGOTE VEGETABLE OIL. The Company sells its products directly to distributors who redistribute to small wholesalers, confectioners, supermarkets and retailers. The Company provides freight services to customers by transporting salt, tomato paste and vegetable oil purchased to their destinations.