Dangote Cement Loses N907bn In Market Value As Stock Declines by 10%

Dangote Cement Plc, the most capitalized stock on the Nigerian Exchange (NGX), experienced a sharp ten per cent decline in its stock price on Thursday, resulting in a significant N907bn loss in market value.

The drop brought the company’s market capitalization down from N9.065trn to N8.158trn, contributing to a broader sell-off in the domestic bourse.