Dangote Cement Emerges as Nigeria’s Most Valuable Listed Company
Cement giant overtakes BUA Foods and MTN Nigeria as market capitalisation hits $13.4bn
Dangote Cement has emerged as Nigeria’s most valuable listed company following a strong rally in its share price, driven by solid earnings and renewed plans to expand its listing to the London Stock Exchange.
The company’s market capitalisation climbed to approximately $13.4 billion, overtaking BUA Foods and MTN Nigeria to claim the top spot on the Nigerian Exchange.
The surge in valuation has been underpinned by robust first-quarter financial results. Dangote Cement posted a profit of N321.1 billion in Q1 2026, while revenue rose to N1.2 trillion, buoyed by higher sales volumes across its markets.
Investor appetite for the stock has also been fuelled by revived plans for a partial listing on the London Stock Exchange, where the company is expected to offer approximately 10 percent of its stake to international investors. The move is supported by recent changes in UK listing regulations, which have made it more attractive for foreign companies to seek a London listing.
Africa’s largest cement producer, Dangote Cement operates across multiple countries on the continent and has continued to attract strong institutional interest amid growing confidence in its long-term growth outlook.
The development marks a significant milestone for the Nigerian capital market, reflecting renewed investor confidence in blue-chip domestic companies.
