How Dangote Cement market capitalisation hit N10 trillion after Otedola's investment

  • The Dangote Cement market capitalization has crossed N10 trillion, the first Nigerian company to do so
  • The company’s share price rose by 9.99%, at N590.60 per share, displacing Airtel Africa as the most capitalized stock on the NGX
  • The development comes after billionaire businessman Femi Otedola acquired shares of the cement company

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

The market capitalization of Dangote Cement hit N10 trillion on Monday, January 22, 2024, becoming the first Nigerian company to achieve the feat on the Nigerian Exchange.