Dangote’s NGX wealth surges by N1.47 trillion in Q3 2026 as cement stock rallies

Aliko Dangote, Africa's wealthiest individual, saw his listed investments on the Nigerian Exchange (NGX) increase by N1.47 trillion in Q3 2026. This significant rise was primarily fueled by the soaring share price of Dangote Cement, which climbed by 10.8% between June and September 2026. A comprehensive analysis of Dangote's various shareholdings, including his direct and indirect investments in Dangote Cement, Dangote Sugar Refinery, and NASCON Allied Industries, revealed that their cumulative market value rose from N15.07 trillion at the end of June to N16.54 trillion in September.

Dangote Cement emerged as the biggest contributor to this wealth surge. The company's share value climbed from N14.11 trillion in June to N15.63 trillion in September, yielding a N1.52 trillion gain. However, NASCON Allied Industries' performance was less impressive. As of September, Dangote's share was valued at N317.49 billion, a significant drop from N368.92 billion at the end of June.

Dangote's financial gains align with his ongoing expansion of his business empire. This includes the successful public offering of Dangote Petroleum Refinery and Petrochemicals, a venture with a production capacity of 650,000 barrels per day. The company is also planning an expansion to 1.4 million barrels per day. The IPO of this venture is another significant milestone in Dangote's entrepreneurial journey, with his wealth soaring from $13.4 billion in 2024 to a staggering $28.5 billion in Forbes' March 2026 billionaires ranking.