Shareholders of Nestle Nigeria lose N94 billion on sell pressure

The selling pressure witnessed on the shares of Nestle Nigeria Plc during Thursday’s trading session on the NGX has resulted in shareholders losing about N94.326 billion.

Checks by Nairametrics showed that the consumer goods stock dropped by 10% to N1,071 per share from N1,190.00 with which it opened the trading session yesterday.  

Further analysis showed Nestle closed the…

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