JAPAUL OIL & MARITIME is trading at NGN 2.58, down -3.73%; no verified report directly attributes the decline to a specific cause.

  • BusinessDay reported a ₦26 billion sand-mining contract and shareholder approval for up to $70 million in capital raising; neither report links these developments to the price drop.
  • Available market reporting describes broader NGX weakness but does not establish that it explains this move.