Profits of Nigerian salt company Nascon 2020

Published by
Doris Dokua Sasu,
Dec 12, 2022
Nascon is a company of the Dangote Group, some of the largest African enterprises. Nascon is specialized is salt, seasonings, and spices and is mainly known for their table salt. According to the Nigerian company Nairametrics, between January and September 2020, the profit before taxes of Nascon added up to about 3.5 billion Naira, some 8.4 million U.S. dollars, while after taxes the profit amounted to 2.3 billion Naira, roughly 5.6 million U.S. dollars.

Profit before and after taxes of the Nigerian salt company Nascon in 2020 (in million Naira)

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Release date

June 2021

Region

Nigeria

Survey time period

January to September 2020

Supplementary notes

Conversion rate as of June 24, 2021.

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