Business

Nigeria’s Notore drops 8.8 percent in one week after debut listing

Isaac UmunnaComment(0)

Nigeria’s Notore Chemical shares dropped to 57 naira each in Thursday’s session, losing 8.8 percent in a week after its debut stock market listing in Lagos.

The stock quickly rose to 62.50 naira, its listing price, on thin volumes. The fertiliser company on Thursday said loss before tax for the nine-month widened to 3.94 billion naira.  Reuters

Pix: Nigeria stockmarket

Isaac Umunna

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