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 firm on the bourse.
The milestone N20.62 trillion market capitalization as of October 26, 2026 is on the backdrop of a ten per cent acquire in its inventory value to N1,222.10 per share from N1,111.00 per share it opened for buying and selling this week.
At N1,222.10 per share, Dangote Cement inventory hit a 52 week excessive amid the continuing Dangote Petroleum Refinery and Petrochemicals’s Initial Public Offering (IPO).
The inventory value of Dangote Cement that opened for buying and selling this yr at N609 per share has gained 100.67per cent to shut at N1,222.10 per share as of October 26, 2026.
Capital market analysts acknowledged that surge demand for Dangote Petroleum Refinery and Petrochemicals by retail and institutional buyers unfold to Dangote Cement inventory on the NGX.
The landmark IPO Dangote Petroleum Refinery and Petrochemicals enters its remaining days, with buyers accelerating participation forward of the cut-off date of October 27, 2026.
The firm mentioned, “This is the final deadline, and no further extension will be granted. Investors wishing to participate must complete their subscriptions before the offer closes.”
The surge in demand follows the refinery’s not too long ago launched nine-month monetary outcomes, which confirmed distinctive progress in income, profitability, and money technology, reinforcing investor confidence within the firm’s long-term prospects.
Dangote Cement but to announce 9 months ended September 30, 2026 revealed that its Group income elevated by 21.4 per cent to N2.514 trillion within the half yr (H1) ended June 30, 2026, whereas Group EBITDA rose by 25.8 per cent to N1.188 trillion, reflecting a margin of 47.3 per cent.
Earnings per share superior by 24.3 per cent to N38.22, as the corporate closed the interval with a powerful web money place of N215.2 billion.
Overall Group volumes grew by 11.8 per cent to 14.9 million tonnes, supported by resilient demand in key markets. Nigeria continued to anchor earnings, with EBITDA from the home market rising by 28.4 per cent to N1.086 trillion and margins enhancing to 60.1 per cent.
Operational effectivity remained a key focus, with the corporate reporting a powerful discount in Nigeria money prices, supported by a extra beneficial vitality combine. It additionally commissioned the Okpella cell refuelling unit and added 300 compressed pure fuel vans in Tanzania as half of efforts to enhance logistics effectivity and cut back working prices.
Speaking on the outcomes, chief government officer, Dangote Cement, Mr Arvind Pathak, in an announcement mentioned the first-half efficiency mirrored the sturdy momentum the corporate had constructed for the reason that begin of the yr, supported by disciplined execution, increased gross sales volumes and sustained demand throughout key markets.
“Our performance in the first half of 2026 reflects the strong momentum we have continued to build since the start of the year. The business delivered another solid set of results, supported by higher sales volumes, disciplined execution, and sustained demand across our key markets,” Pathak mentioned.
He famous that income progress, stronger EBITDA and the N215.2 billion web money stability underscored the resilience of Dangote Cement’s enterprise mannequin and its capability to put money into future progress whereas sustaining disciplined capital allocation.
