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    Tuesday, June 9
    Analysis

    Dangote Cement Declines to N8.71 Trillion on NGX

    Olu AnisereBy No Comments1 Min Read
    Dangote Cement Declines to N8.71 Trillion on NGX

    Dangote Cement Declines to N8.71 Trillion on NGX

    Dangote Cement Plc’s stock market value declined below N9 trillion on the Nigerian Exchange (NGX) as selling pressures outpaced buying interest.

    The cement company’s share price closed at N516.20 on Friday as 551,027 units valued at N286.849 million were traded in the local bourse. 

    At the close of trading, the market value of Dangote Cement Plc’s 16.873 billion shares outstanding was valued at N8.710 trillion – reflecting negative investors’ sentiment. 

    Trading data from the Nigerian Exchange showed that Dangote Cement Plc lost more than N199.107 billion as the share price fell by N11.80 week on week.

    As of the first half of 2025, Dangote Cement has a 4.79% free float, which has apparently tame price volatility.

    More than 95% of the cement company was under control of its majority shareholders – Dangote Industries Limited (87.28%), Stanbic IBTC Nominee (5.43%) and directors own the remaining.

    Dangote Cement posted N520.455 billion profit for the first half of 2025, up from N189.904 billion from the comparable period in 2024.  #Dangote Cement Declines to N8.71 Trillion on NGX#

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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