Nigerian billionaire Aliko Dangote's cement sales in Cameroon fall 9.8%
Aliko Dangote's cement company sold 9.8% less cement in Cameroon in the first nine months of 2026, its second straight yearly decline there.
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Aliko Dangote's cement company sold 9.8% less cement in Cameroon in the first nine months of 2026, its second straight yearly decline there.
Nigerian billionaire Aliko Dangote’s Dangote Cement lifted nine-month profit 31% to $734 million as finance costs fell 58% and its shares extended their rally.
Billionaire Femi Otedola is buying Dangote Cement shares again as the stock surged 10%, while his First HoldCo stake gained $119 million.
Aliko Dangote lost about $640 million on Monday as Dangote Cement shares fell 5.5% to ₦1,008, leading a ₦1.47 trillion slide on the Lagos bourse.
Africa's richest man is preparing to sell about 10% of Africa's largest cement maker to global investors through a London listing as soon as November.
Dangote Cement will add about 25 million tonnes to reach 80 million tonnes, funded mainly from cash flow and supplier credit, Arvind Pathak said.
FirstHoldCo and Dangote Cement join the FTSE Frontier 50, a far more selective index than the broader series 10 Nigerian firms entered.
FTSE Russell named 10 Nigerian stocks newly eligible for its frontier index series, including Dangote Cement, First HoldCo and MTN Nigeria.
Aliko Dangote has signed an $800 million agreement with China's Sinoma to double capacity at his Itori cement plant in Ogun State to 12 million tonnes.
Dangote Cement lifted half-year profit 24% to ₦640.2 billion, but second-quarter profit growth slowed to 4.4% even as revenue rose 22.2%.
Dangote Cement chose London over Dubai for its secondary listing because listing in the Gulf would have taken years, Mariya Dangote told reporters in Lagos.
Nigeria's three biggest cement producers posted a combined N762.97 billion in first-quarter profits in 2026, a 57 percent jump driven by elevated cement prices.
Dangote Cement has signed a $1 billion deal with China's Sinoma Engineering to expand production across seven African countries and hit 80 million tonnes by 2030.
Dangote Cement doubles pre tax profit to N1.53 trillion
Aliko Dangote’s Dangote Cement rewards top African distributors with $10.5M in cash, vehicles, and prizes, highlighting growth plans.
Aliko Dangote rebounds to $30 billion, led by gains in Dangote Cement and major energy expansion projects.W