Why Otedola invested in Dangote Cement after visit to refinery

  • One of Nigeria’s wealthiest persons, Femi Otedola, has reportedly bought shares in Dangote Cement
  • The Nigerian investor reportedly acquired an undisclosed number of shares from the company after a visit to Dangote refinery recently
  • Otedola’s investment into Dangote Cement comes as his two companies are now worth over N1 trillion, respectively

Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

In a deft move to strengthen his investment portfolio, Nigeria’s fourth richest man, Femi Otedola, is acquiring shares in Dangote Cement.