Twitter users have mounted pressure on Dangote to speed up the process to acquire English Premiership football club, Arsenal FC.
The dispute between both men had hitherto, been about the establishment of a sugar refinery by BUA Group in Port Harcourt, Rivers State.
BUACEMENT (-6.42%) and DANGCEM (-3.42%) were the major drivers of the plunge, despite the latter's announcement of an N16/share dividend.
Investor sentiment as measured by the market breadth closed negative with 12 advancers and 47 decliners.
Backward Integration policies have only worked to help a few people boost their already fat pockets.
Nigerian cement stocks have been battered since February.
NSE Industrial declined by 5.7% to close at 1,922.02 index points.
The market breadth closed positive as UAC-PROP led 31 Gainers as against 9 Losers topped by LIVESTOCK.
Year-to-date return and market capitalization improved by the same margin to settle at 1.90% and N21.45 trillion, respectively.
The overall performance of the companies was bearish as the index closed on a negative note with five losers.
