Billionaire investor Femi Otedola is buying Dangote Cement shares again, in accordance with sources who spoke to Nairametrics.
Sources with data of the matter mentioned he’s focusing on a 5% stake within the cement producer. Dangote Cement has a free float of lower than 10% with Dangote Industries proudly owning 86.65% as of December 2025.
The reported purchases come as Dangote Cement shares gained 10% on Friday, though Nairametrics couldn’t independently confirm the buying or set up its connection to the value motion.
Otedola reportedly targets 5% stake
A supply with direct data of the matter mentioned Otedola’s reported purchases mirror his curiosity in taking positions in firms he considers undervalued.
According to the supply, the billionaire presently has money accessible for funding and views Dangote Cement as a kind of alternatives.
- “Mr. Otedola has cash with him now, and it appears he is taking strategic positions in companies he believes are undervalued, and Dangote Cement is one of them.”
Sources mentioned the investor is searching for a 5% stake within the firm and steered that his purchases may have contributed to Friday’s share-price surge.
However, Nairametrics couldn’t independently confirm both the reported purchases or the dimensions of the stake being sought.
The identities of patrons behind particular person stock-market transactions aren’t routinely disclosed publicly.
The reported funding would however mark one other buy of Dangote Cement shares by Otedola, who publicly defined his curiosity within the firm in 2024.
Otedola’s earlier Dangote Cement funding
In 2024, Nairametrics reported that Otedola was buying Dangote Cement shares when the inventory traded at about N350 per share. An announcement issued on the time outlined his confidence within the firm’s export potential, dividend file and strategy to company governance.
- “This strategic investment underscores Otedola’s confidence in Dangote Cement’s potential to generate foreign exchange for the country and his dedication to supporting businesses that contribute to Nigeria’s economic resilience.”
- “Dangote Cement’s track record of dividend payments, exceeding N2.1 trillion in recent years, and its commitment to sustainable business practices resonate with these principles.”
- “Otedola’s investment strategy prioritizes companies that are well-managed, have strong governance, and operate under the principle that no individual should be larger than the company.”
The assertion linked the funding to help for companies contributing to Nigeria’s financial resilience, alongside an emphasis on administration and governance.
Those had been the explanations outlined for his earlier acquisition; the reason for the newest reported buying comes from sources who spoke to Nairametrics. Nairametrics’ 2024 report
Dangote Cement shares shut at N1,111
Dangote Cement shares closed 10% larger at N1,111 on Friday, taking its market capitalisation to about N18.7 trillion. The acquire adopted a interval of value declines after the inventory reached larger ranges earlier within the 12 months.
- The inventory opened the 12 months at N609 per share earlier than climbing to as excessive as N1,180 in June, in accordance with the value historical past provided for this report.
- It subsequently fell beneath N900 per share earlier than recovering, with Friday’s closing value taking it again above N1,100.
- At N1,111 per share, the inventory closed above each its opening value for the 12 months and the sub-N900 ranges reached through the subsequent pullback, whereas remaining beneath its June excessive.
The newest acquire subsequently extends the inventory’s restoration following that pullback, alongside the studies of renewed buying by Otedola. Friday’s 10% advance is confirmed by revealed buying and selling information, however the declare that his reported purchases drove the rise stays unverified.
