National Economy
Wednesday, October 1, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Dangote Cement  Becomes First Nigerian Company To Reach N10 trillion market 

by Adejumoke Adeeso
2 years ago
in Business, Companies & Markets
Reading Time: 1 min read
Dangote Cement  Becomes First Nigerian Company To Reach N10 trillion market 

Dangote Cement  Becomes First Nigerian Company To Reach N10 trillion market 

Share on FacebookShare on TwitterShare on Telegram

Dangote Cement Plc has made it into the list of the largest companies in Africa based on market capitalization with a market cap of about N10.095 trillion ($11.19 billion; exchange rate of N902.45/$).

NATIONAL ECONOMY reports that Dangote Cement shares gained 9.99% yesterday to close with a share price of N592.60, thus making the company became the first and only Nigerian company to be among the top ten largest African companies based on market cap,with the rest being South African companies.

According to a reliable source, Dangote Cement Plc is the fifth largest company in Africa based on market cap, behind Capitec Bank which has a market cap of $12.4 billion, outperforming  Airtel Africa and MTN Nigeria having market caps of N7.52 trillion and N6.07 trillion respectively as of January 22, 2024.

Dangote Cement  has recorded a remarkable performance in the equities market, with a year-to-date return of 85.2%, moving from a share price of N319.9 at the start of 2024 to N592.6 at the close of trading yesterday.

The company has also recorded capital gains of N4.644 trillion, as its share price appreciated from N5.451 trillion at the start of 2024 to N10.095 trillion, as of January 22, 2024

You May Like

Global Economy Loses $4.7trn Annually To Fraud – SON

65th Independence: Experts Hail New Electricity Act As Game-Changer For Power Sector

Tags: Dangote Cement  Becomes First Nigerian Company To Reach N10 trillion market
ShareTweetShare
Previous Post

FG Plans Indigenous Solution For Data Protection Act Implementation

Next Post

Sylvan Olisanye Ebigwei: Remembering Life Of A Chess Father

ANOTHER GOOD READ

SON Raises Alarm Over Influx Of Fake Engine Oil In Nigeria
Business

Global Economy Loses $4.7trn Annually To Fraud – SON

2 minutes ago
National Grid Collapses Again Triggering Widespread Blackouts
Business

65th Independence: Experts Hail New Electricity Act As Game-Changer For Power Sector

10 minutes ago
FAAN Seeks Investment In Cargo, Aviation Industry
Business

FAAN Rolls Out Contactless Payment System At Lagos, Abuja Airports

53 minutes ago
Commercial Sex Workers To Pay Income Tax Under New Law
Business

Commercial Sex Workers To Pay Income Tax Under New Law

55 minutes ago
Nigeria, South Africa Poised To Exit FATF Grey List In October
Business

Nigeria, South Africa Poised To Exit FATF Grey List In October

59 minutes ago
FCT, Lagos, Rivers Generate 70% Of Air Transport GDP
Business

African Airlines Lead Global Air Cargo Growth With 11% Surge In August

1 hour ago
Next Post
Sylvan Olisanye Ebigwei: Remembering Life Of A Chess Father

Sylvan Olisanye Ebigwei: Remembering Life Of A Chess Father

Most Recent

SON Raises Alarm Over Influx Of Fake Engine Oil In Nigeria

Global Economy Loses $4.7trn Annually To Fraud – SON

October 1, 2025
AfDB, Partners Raise $2.2bn For Agro Zones Expansion

AfDB, Private Sector Leaders Forge Stronger Alliance For Africa’s Growth

October 1, 2025
AfDB, Partners Raise $2.2bn For Agro Zones Expansion

Africa Must Turn Trade Disruptions Into Growth Opportunities – AfDB President

October 1, 2025
National Grid Collapses Again Triggering Widespread Blackouts

65th Independence: Experts Hail New Electricity Act As Game-Changer For Power Sector

October 1, 2025
FAAN Seeks Investment In Cargo, Aviation Industry

FAAN Rolls Out Contactless Payment System At Lagos, Abuja Airports

October 1, 2025
Commercial Sex Workers To Pay Income Tax Under New Law

Commercial Sex Workers To Pay Income Tax Under New Law

October 1, 2025
Nigeria, South Africa Poised To Exit FATF Grey List In October

Nigeria, South Africa Poised To Exit FATF Grey List In October

October 1, 2025
FCT, Lagos, Rivers Generate 70% Of Air Transport GDP

African Airlines Lead Global Air Cargo Growth With 11% Surge In August

October 1, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy