Economy
Dangote Cement Improves Nine-Month Revenue by 23.2% to N3.155trn
By Aduragbemi Omiyale
In the first nine months of 2025, the revenue generated by Dangote Cement Plc went up by 23.2 per cent to N3.155 trillion from N2.561 trillion in the same period of 2024.
This information was contained in the financial statements of the cement miller filed to the Nigerian Exchange (NGX) Limited.
The improved in earnings was attributed to proactive management strategies and resilient market demand, with exports from Nigeria rising by 23 per cent, driven by 27 clinker shipments to Ghana and Cameroon.
In the period under review, the company grew its EBITDA by 57.7 per cent to N1.428 trillion from N908.7 billion, and the profit after tax (PAT) surged by 166.3 per cent to N743.3 billion from N279.1 billion, with the earnings per share (EPS) expanding by 164.8 per cent to N43.80 from N16.55, reflecting strong operational performance and strategic expansion efforts.
EPS, a key indicator of profitability and shareholder value, continues to be a central metric in Dangote Cement’s financial reporting, reflecting the company’s commitment to delivering returns to investors.
A major contributor to this performance was the commissioning of a new 3Mta grinding plant in Côte d’Ivoire, which expanded Dangote Cement’s total installed capacity to 55Mta across Africa. This strategic move reinforces the company’s leadership in the continent’s cement industry and supports regional self-reliance.
“The commissioning of our 3Mta Côte d’Ivoire grinding plant marks a significant milestone in our growth journey. It strengthens our position as Africa’s leading cement producer and underscores our commitment to regional self-reliance,” the chief executive of Dangote Cement, Mr Arvind Pathak, commented.
“Our focus remains on sustaining earnings momentum, enhancing operational efficiency, and executing our long-term growth strategy. With a clear strategic direction and a strong balance sheet, Dangote Cement is well-positioned to continue delivering superior value to stakeholders,” he added.
Earlier in the year, for the six months ended June 30, 2025, Dangote Cement reported a 17.7 per cent increase in revenue to N2.072 trillion, the highest in its history. Group EBITDA rose by 41.8 per cent to N944.9 billion, while Nigeria operations saw an 82.4 per cent increase to N845.4 billion. Profits before tax jumped by 149 per cent to N730 billion, and PAT soared by 174.1 per cent to N520.5 billion.
Dangote Cement remains Africa’s largest cement producer, with a fully integrated quarry-to-customer model and a production capacity of 35.25Mta in Nigeria alone. Its facilities include: Obajana Plant (Kogi State): 16.25Mta across five lines; Ibese Plant (Ogun State); 12Mta across four lines; Gboko Plant (Benue State): 4Mta; Okpella Plant (Edo State): 3Mta
Through strategic investments, the company has eliminated Nigeria’s reliance on imported cement and transformed the country into a net exporter of cement and clinker.
Dangote Cement also operates across several African countries, including: Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia and Côte d’Ivoire.
By Adedapo Adesanya
For the third straight session, the NASD Over-the-Counter (OTC) Securities Exchange closed bearish, further losing 0.15 per cent on Thursday amid weak demand for unlisted stocks.
During the session, the NASD Unlisted Security Index (NSI) declined by 5.70 points to 3,908.67 points from 3,914.37 points, and the market capitalisation lost N3.41 billion to end N2.338 trillion compared with the N2.342 trillion it ended on Wednesday.
The alternative stock exchange suffered a loss despite having more price gainers than price losers, with five for the former and four for the latter.
Okitipupa Plc lost N10.00 to close at N250.00 per unit versus midweek’s N260.00 per unit, Central Securities Clearing System (CSCS) Plc depreciated by N4.98 to N64.92 per share from N69.90 per share, Industrial and General Insurance (IGI) Plc dropped 4 Kobo to sell at 50 Kobo per unit compared with the previous day’s 54 Kobo per unit, and Acorn Petroleum Plc moderated by 1 Kobo to N1.32 per share from N1.33 per share.
Conversely, 11 Plc gained N13.65 to quote at N276.55 per unit versus the preceding session’s N263.00 per unit, FrieslandCampina Wamco Nigeria Plc appreciated by N6.10 to N84.15 per share from N78.05 per share, Food Concepts Plc expanded by 32 Kobo to N3.60 per unit from N3.28 per unit, Geo-Fluids Plc improved by 30 Kobo to N3.60 per share from N3.30 per share, and First Trust Mortgage Bank Plc increased by 10 Kobo to N1.09 per unit from 99 Kobo per unit.
Yesterday, the volume of transactions surged 2,797.1 per cent to 45.8 million units from 1.6 million units, the value of transactions jumped 315.2 per cent to N208.2 million from N50.1 million, and the number of deals soared 18.2 per cent to 39 deals from 33 deals.
At the close of business, CSCS Plc remained the most active stock by value (year-to-date) with 32.6 million units worth N1.9 billion, followed by Geo-Fluids Plc with 117.4 million units valued at N463.1 million, and Resourcery Plc with 1.05 billion units exchanged for N408.6 million.
Resourcery Plc ended the session as the most traded stock by volume (year-to-date) with 1.05 billion units sold for N408.6 million, trailed by Geo-Fluids Plc with 117.4 million exchanged for N463.1 million, and CSCS Plc with 32.6 million units traded for N1.9 billion.
By Dipo Olowookere
Sell-offs in energy stocks could not bring down Nigeria’s stock exchange on Thursday, as the gains recorded by the others sustained the upward momentum.
Yesterday, the Nigerian Exchange (NGX) Limited further appreciated by 1.39 per cent on the back of a strong appetite for domestic equities, which are gaining traction among investors.
The banking index grew by 2.63 per cent, the consumer goods sector appreciated by 054 per cent, the insurance counter improved by 0.50 per cent, and the industrial goods space rose by 0.29 per cent, while the energy industry fell by 0.11 per cent.
When the bourse closed for the day, the All-Share Index (ASI) pointed northwards by 2,645.61 points to settle at 193,073.57 points compared with the previous day’s 190,427.96 points, and the market capitalisation soared by N1.698 trillion to N123.934 trillion from N122.236 trillion.
The trio of Deap Capital, Okomu Oil, and Fortis Global Insurance appreciated by 10.00 per cent each to N6.93, N1,459.70, and 55 Kobo apiece, while the duo of Infinity Trust Insurance and Zichis gained 9.96 per cent each to settle at N14.35, and N15.79, respectively.
On the flip side, the quartet of Tripple G, Multiverse, Secure Electronic Technology, and McNichols lost 10.00 per cent each to quote at N5.40, N25.20, N1.80, and N8.28, respectively, while Meyer declined by 9.80 per cent to N20.70.
Business Post reports that there were 52 appreciating equities and 26 depreciating equities on Thursday, showing a positive market breadth index and strong investor sentiment.
The busiest stock yesterday was Japaul with 80.1 million units valued at N293.3 million, Secure Electronic Technology sold 71.8 million units worth N136.5 million, Mutual Benefits transacted 58.7 million units for N277.6 million, Zenith Bank exchanged 53.2 million units valued at N4.5 billion, and GTCO traded 52.6 million units worth N6.2 billion.
Unlike the preceding session, the activity chart was in red after market participants transacted 898.5 million shares for N38.5 billion in 61,953 deals compared with the 3.7 billion shares worth N61.9 billion traded in 68,693 deals at midweek, implying a decline in the trading volume, value, and number of deals by 75.72 per cent, 37.80 per cent, and 9.81 per cent apiece.
By Adedapo Adesanya
The Naira depreciated further against the Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, February 19, by N3.24 or 0.24 per cent to N1,341.35/$1 from the N1,338.11/$1 it was traded a day earlier.
However, it improved its value against the Pound Sterling in the official market during the session by N11.16 to sell for N1,805.86/£1 compared with the previous day’s N1,817.02/£1, and gained N7.83 against the Euro to close at N1,577.29/€1 versus Wednesday’s closing price of N1,585.12/€1.
At the GTBank forex counter, the Naira lost N2 against the greenback to settle at N1,349/$1 compared with the N1,347/$1 it was exchanged at midweek, and at the black market, the exchange rate remained unchanged at N1,370/$1.
The performance of the domestic currency in the spot market was weak yesterday amid prevailing dynamics of supply and demand, as the Central Bank of Nigeria (CBN) maintains its efforts to stabilise the foreign exchange market. The exchange rate remained within the expected range, lifted by strong forex inflows and central bank dollar sales to Bureaux de Change (BDC) operators.
Meanwhile, the cryptocurrency market remained bearish, as there was continued caution in coins amid shaky interest in the digital assets.
On the policy front, there were tentative signs of progress on the digital asset market structure bill. The White House hosted talks between crypto industry representatives and bankers, which yielded incremental movement, though no compromise has yet emerged.
Ripple (XRP) declined by 1.7 per cent to $1.39, Litecoin (LTC) went down by 1.3 per cent to $52.46, Cardano (ADA) dropped 0.8 per cent to trade at $0.2715, Dogecoin (DOGE) retreated by 0.7 per cent to $0.0978, and Ethereum (ETH) contracted by 0.2 per cent to $1,943.30.
On the flip side, Solana (SOL) appreciated by 0.8 per cent to $82.12, Bitcoin improved its value by 0.7 per cent to $66,854.86, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $605.58, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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