Otedola acquires N6 billion worth of Dangote Cement shares

Billionaire tycoon Femi Otedola has racked up shares worth N6 billion of Dangote Cement Plc, a source with knowledge of the transactions told PREMIUM TIMES on Thursday.

Mr Otedola, the source said, acquired the shares in his name.

Sub-Saharan Africa’s largest cement maker Dangote Cement recently leapfrogged telecommunications powerhouse Airtel Africa to become Nigeria’s biggest company by market capitalisation, currently valued at N8.35 trillion.