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Dangote Cement Plc (NGX: DANGCEM) | Share Price

Nigel Firth
Nigel Frith trader
Updated 15 May 2024

Dangote Cement Plc is a subsidiary of Dangote Industries Limited and is the largest company listed on the Nigerian Stock Exchange (NGX). Dangote Cement Plc was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010.

Overview of Dangote Cement Plc

Dangote Cement Plc manufactures, packages and distributes cement and related products for the limestone mining, coal production and property investment sectors in Nigeria and further in several African countries. It exports internationally and operates the Obajana Cement Plant, the largest cement plant in sub-Saharan Africa.

Dangote Cement Plc

How to buy Dangote Cement Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Dangote Cement Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “DANGCEM”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

Dangote Cement – An Introduction

Today, Dangote Cement Plc’s portfolio of products and services are diversified in more sectors of the industrial value chain and include the following: the producing of cement, operating plants for the preparation, manufacture and distribution of cement and related products. The Company operates through two segments: Nigeria and Pan Africa and is engaged in exploration, coal production, cement grinding, power production and limestone mining operations.

The history of Dangote Cement Plc goes back to 1992 when it was incorporated, and it listed on the Nigerian Stock Exchange in 2010. By 2014 Dangote Cement Plc accounted for 20% of the total market capitalisation of the Nigerian Stock Exchange.

Dangote Cement Plc has its head offices at Union Marble House, 1 Alfred Rewane Road, Falomo, Ikoyi, Lagos, Lagos State.

Dangote Cement Plc has a staff complement of about 4,500 and renders its services in areas like Nigeria, Benin and Ghana, Cameroon, Congo, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania and Zambia.

The current CEO of Dangote Cement Plc is Michel Puchercos.

Dangote Cement Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol DANGCEM.

Dangote Cement Plc forms part of the Industrials Sector, and the Building Materials Sub Sector of the Nigerian Stock Exchange (NGX).

Dangote Cement Plc

Dangote Cement Plc Stock Performance

The current price for Dangote Cement Plc stocks on the Nigerian Stock Exchange (NGX) is 280.00 Nigerian Naira (NGN).

An analysis of financial data of Dangote Cement Plc showed that the company has a total market capitalisation of 4.77 Trillion NGN, with a Price/Earning ratio of 444.44 and earnings per share of 0.63 NGN. A total of 17 Billion shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Dangote Cement Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Dangote Cement Plc, analysts forecast further improved performance for the Industrials sector with market share growing as trading volumes increase.

Highlights of Dangote Cement Plc in 2021

Dangote Cement Plc started the current financial year (2021) with a share price of 244.90 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 14.3 % in value on its price valuation, ranking 49th on the NGX with its year-to-date performance.

Dangote Cement Plc is currently the 63rd most-traded stock on the NGX and it has experienced a total trading volume of more than 22.5 million shares, which were finalised in 4,137 deals and were valued at a total of 5.54 Billion Nigerian Naira (NGN) over the recent three month period from July to September 2021, with an average of 357,295 shares in each trading session.

During the same period a volume high of 4.2 million shares trading was achieved on one single day.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.