Nigeria: Foreign Investors Stake N86.1 Billion On 2.3 Percent of Dangote Cement

2 August 2017

In apparent show of confidence, some foreign investors have bought 2.3 per cent stake in Dangote Cement Plc for N86.1 billion ($236 million). The sale involved 416 million shares that was consummated in six off market deals on the Nigerian Stock Exchange (NSE) on Tuesday.

This is the third time foreign investors are buying into Dangote Cement, where Africa's richest man, Aliko Dangote, has a controlling stake.

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