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

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LAGOS, Aug 9 – 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.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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