Market Capitalisation of Dangote Cement Crosses N20trn Mark on NGX
Kayode Tokede The market capitalisation of Dangote Cement Plc on the Nigerian Exchange Limited (NGX), yesterday crossed the N20 trillion mark, making it the second most capitalised listed company
Dangote Cement Plc's market capitalization on the Nigerian Exchange Limited (NGX) has surpassed the N20 trillion mark, cementing its position as the second most capitalized listed company on the bourse. As of October 26, 2026, the company's market capitalization stands at N20.62 trillion, a result of a 10% increase in its stock price to N1,222.10 per share.
This marks a 52-week high for the stock, which began trading at N609 per share this year. The surge in Dangote Cement's stock price is attributed to the surging demand for Dangote Petroleum Refinery and Petrochemicals, whose Initial Public Offering (IPO) is nearing its final days. The IPO's successful subscription process, set to close on October 27, 2026, has fueled the demand for Dangote Cement's stock.
Recent financial results from Dangote Petroleum Refinery and Petrochemicals, released recently, have shown exceptional growth in revenue, profitability, and cash generation, further boosting investor confidence. Dangote Cement's Group revenue for the half year ended June 30, 2026, increased by 21.4% to N2.514 trillion, while Group EBITDA rose by 25.8% to N1.188 trillion, showcasing a margin of 47.3%.
The company's net cash position stands at a robust N215.2 billion. Commenting on the results, Dangote Cement's CEO, Mr. Arvind Pathak, stated that the first-half performance reflected the company's strong momentum, supported by disciplined execution, higher sales volumes, and sustained demand across key markets.
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