It’s been a rough ride for the stock market this year. Markets sentiments seem to be ebbing and the blue chip stocks are beginning to feel the pain. NBL share price closed the day at N150 today (12/2/14) just N1 shy of its year low of N149. Just two months ago the stock was trading for N175.
Is this a buying opportunity? Well…not for me as I still think the price is highly over valued. It is a stock that should be trading at about N100 in my opinion.
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg?resize=350,250)
