National Saltnigeria traded at 171.00 this Thursday October 15th, decreasing 17.90 or 9.48 percent since the previous trading session. Looking back, over the last four weeks, National Saltnigeria lost 6.88 percent. Over the last 12 months, its price rose by 71.00 percent. Looking ahead, we forecast National Saltnigeria to be priced at 184.33 by the end of this quarter and at 171.27 in one year, according to Trading Economics global macro models projections and analysts expectations.
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.