Market Capitalisation of Dangote Cement Crosses N20trn Mark on NGX.
The milestone N20.62 trillion market capitalization as of October 26, 2026 is on the backdrop of a 10 per cent gain in its stock price to N1,222.10 per share from N1,111.00 per share it opened for trading this week.
At N1,222.10 per share, Dangote Cement stock hit a 52 week high amid the ongoing Dangote Petroleum Refinery and Petrochemicals’s Initial Public Offering (IPO).
The stock price of Dangote Cement that opened for trading this year at N609 per share has gained 100.67per cent to close at N1,222.10 per share as of October 26, 2026.
Capital market analysts stated that surge demand for Dangote Petroleum Refinery and Petrochemicals by retail and institutional investors spread to Dangote Cement stock on the NGX. The landmark IPO Dangote Petroleum Refinery and Petrochemicals enters its final days, with investors accelerating participation ahead of the closing date of October 27, 2026. The company said, “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 recently released nine-month financial results, which showed exceptional growth in revenue, profitability, and cash generation, reinforcing investor confidence in the company’s long-term prospects.
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