{
  "id": 16290775,
  "title": "Scoop: Otedola buying Dangote Cement again as shares jump 10%",
  "url": "https://urgent.news/2026/10/24/scoop-otedola-buying-dangote-cement-again-as-shares-jump-10",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T06:22:40.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/24/scoop-otedola-buying-dangote-cement-again-as-shares-jump-10/"
  },
  "original_language": "en",
  "account": "Nigerian billionaire investor Femi Otedola is once again purchasing shares in Dangote Cement, according to sources speaking to Nairametrics. The sources claim that Otedola is targeting a 5% stake in the cement producer. As of December 2025, Dangote Cement has a free float of less than 10%, with Dangote Industries holding 86.65% of the shares. The reported purchases occurred as Dangote Cement's shares surged 10% on Friday. However, Nairametrics could not independently confirm the buying or establish a link between the purchases and the share price movement. Otedola's investments often reflect his interest in companies he perceives as undervalued, and he currently possesses cash available for investment. The investor is reportedly seeking a 5% stake in the company, with his purchases potentially contributing to the Friday's share price surge. However, Nairametrics could not independently verify the reported purchases or the intended stake size. The identities of investors behind individual stock-market transactions are not typically disclosed publicly. Otedola's reported investment would mark another purchase of Dangote Cement shares, following his acquisition in 2024 when the stock traded around N350 per share. At that time, Otedola cited the company's export potential, dividend record, and approach to corporate governance as reasons for his investment. The latest share price gain of 10% on Friday extended the stock's recovery following a period of declines earlier in the year.",
  "summary": "Billionaire investor Femi Otedola is buying Dangote Cement shares again, according to sources who spoke to Nairametrics. The post Scoop: Otedola buying Dangote Cement again as shares jump 10% appeared first on Nairametrics .",
  "key_points": [
    "Femi Otedola plans to buy 5% stake in Dangote Cement.",
    "Dangote Cement shares jumped 10% on Friday.",
    "Otedola's investment may have influenced share price surge."
  ],
  "editors_take": "Otedola’s move to acquire a significant stake signals his continued belief in the cement producer's undervalued assets and export potential despite the company's highly concentrated ownership structure.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}