abdulsamad rabius ccnn emerges 2018 best stock after 104 21 growth - Abdulsamad Rabiu’s CCNN emerges 2018 best stock after 104.21% growth

Abdulsamad Rabiu’s CCNN emerges 2018 best stock after 104.21% growth

Cement Company of Northern Nigeria (CCNN) light-emitting diode twenty four alternative stocks to emerge the simplest acting stock in share terms on the Nigerian stock market (NSE) in 2018. information obtained by the agency of Nigeria from the NSE showed that the company’s shares appreciated by 104.21 per cent to shut at N19.40 against N9.50 recorded in 2017. Qed.ng according on weekday that Nigerian cement and sugar mogul, Abdulsamad Rabiu, gained $650 million when merging Kalambaina Cement, a subsidiary of his BUA Cement, with publically listed Cement Company of Northern Nigeria (CCNN), wherever he was the dominant investor. Chief in operation Officer of InvestData Ltd., bishop Omordion, told NAN that the expansion was thanks to the company’s merger with Kalambaina Cement Company. mister Omordion aforesaid the merger plans proclaimed by the corporate in June 2018 wedged absolutely on CCNN shares, as investors disorganized to extend their stake. Omordion aforesaid the merger would position CCNN for higher aggressiveness inside its home market and additionally change it use the additional trendy plant and instrumentation of the Kalambaina Cement to spice up its penetration and export potential. Conversely, Lafarge Africa was the worst acting stock in share terms having lost seventy two.27 per cent to shut at N12.45 per share against the year’s gap figure of N44.89 per cent. silver Leventis came second with a loss of sixty one.43 per cent to shut at 27k per share in distinction with 70k announce in 2017.

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