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NASCON Allied Industries Plc (NGX: NASCON) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

NASCON Allied Industries Plc

NASCON Allied Industries Plc is a salt refining company listed on the Nigerian Stock Exchange (NGX).

Overview of NASCON Allied Industries Plc

NASCON Allied Industries Plc has also added more business lines to include Vegetable Oil, Tomato Paste and Seasoning with its production facilities situated in Lagos State (Apapa and Oregun), Ogun State (Ota) and Rivers State (Port Harcourt).

NASCON Allied Industries Plc is a member of the Dangote Group of companies.

Today, NASCON Allied Industries Plc’s portfolio of products and services are diversified in more sectors of the Consumer Goods value chain and include the following: the manufacturing and marketing of a range of edible salt for industrial use and iodine-fortified kitchen salt for domestic use, by-products from the refining process like fine (butter) salt to make biscuits and confectionary products and granulated kitchen salt and industrial salt. The company has installed capacity of 400 000 tonnes per annum for 25-50 kilogram bags of salt and 100 000 tonnes per annum for salt sachets.

The history of NASCON Allied Industries Plc goes back to 1973 when it was first founded as National Salt Company of Nigeria Plc.


NASCON Allied Industries Plc has its head offices at 15B Ikosi Road, Oregun Industrial Estate, Oregun, Ikeja, Lagos State, Nigeria.

The current managing director of NASCON Allied Industries Plc is Paul Farrer.

NASCON Allied Industries Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NASCON.

NASCON Allied Industries Plc forms part of the Food Industry and the Consumer Goods of the Nigerian Stock Exchange (NGX).

NASCON Allied Industries Plc Stock Performance

The current price for NASCON Allied Industries Plc stocks on the Nigerian Stock Exchange (NGX) is 14.00 Nigerian Naira (NGN).

An analysis of financial data of NASCON Allied Industries Plc showed that the company has a total market capitalisation of 37.1 Billion NGN, with a Price/Earning ratio of 10.53 and earnings per share of 1.33 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell NASCON Allied Industries Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of NASCON Allied Industries Plc, analysts forecast further improved performance for the Consumer Goods sector with market share growing as trading volumes increase.

Highlights of NASCON Allied Industries Plc in 2021

NASCON Allied Industries Plc started the current financial year (2021) with a share price of 14.50 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 3.45 % in value on its price valuation, ranking 107th on the NGX with its year-to-date performance.

NASCON Allied Industries Plc is currently the 79th most-traded stock on the NGX and it has experienced a total trading volume of more than 12.8 million shares, which were finalised in 864 deals and were valued at a total of 186 million Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 203,847 shares in each trading session.

During the same period a volume high of 2.06 million was achieved on October 13 and a low of 1,550 on December 7.

Nascon Allied - How To Trade

How to buy NASCON Allied Industries Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade NASCON Allied Industries Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “NASCON”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.