Question 1

What Is NASCON Stock Price Today?

Accepted Answer

Nascon Allied Industries Plc (NASCON) is trading at ₦196 today on the Nigeria Stock Exchange (NGX).

Question 2

What Does Nascon Allied Industries Plc Do?

Accepted Answer

NASCON Allied Industries Plc was established in 1973 as the National Salt Company (NASCON), initially as a joint venture between the Federal Military Government of Nigeria and Atlantic Salt & Chemical Inc.. Its founding mandate focused on refining salt to meet Nigeria's domestic demand. The company evolved, becoming a private entity in 1991 and subsequently listing publicly in 1992. It operates as a subsidiary of Dangote Industries Limited, which acquired controlling shares, leading to a reverse takeover by Dangote Salt Limited in 2007. The company officially adopted its current name, NASCON Allied Industries Plc, in July 2015 to reflect its expanded product portfolio beyond salt.

Question 3

When Was NASCON Listed on the NGX?

Accepted Answer

Nascon Allied Industries Plc was listed on the Nigerian Exchange (NGX) on Oct 19, 1992.

Question 4

How Do I Buy NASCON Stock in Nigeria?

Accepted Answer

NASCON trades on the Nigerian Exchange (NGX). You can purchase shares through a licensed Nigerian stockbroker or a regulated platform that supports NGX-listed securities.

Question 5

What Sector Does NASCON Belong To?

Accepted Answer

Nascon Allied Industries Plc is listed under the CONSUMER GOODS sector, specifically in the Food Products sub-sector.

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