Prime Business Africa
Investing in some Nigerian cement stocks benefited Nigerians in 2025, as BUA Cement, Lafarge Africa and Dangote Cement shareholders recorded two-digit growth in their investments, according to Prime Business Africa’s analysis.
Between January and December, individuals and institutions that held shares of the three companies for the period recorded a combined gain of N6.13 trillion in the Nigerian Exchange (NGX), also known as the stock market.
Join our WhatsApp ChannelPrime Business Africa’s analysis showed that BUA Cement shareholders accounted for 47.19 percent of the total industry gain, Dangote Cement contributed 35.80 percent, and Lafarge Africa accounted for 16.99 percent.
During the period under review, the market valuation of the cement industry on the NGX increased from N12.35 trillion on January 2, 2025, to N18.48 trillion on December 31, 2025.
However, a breakdown of the investment growth by company showed that Lafarge Africa shareholders topped the list of the best-performing shares in 2025, followed by BUA Cement and Dangote Cement.
Breakdown Of Share Performance By Company
Lafarge Africa
It was gathered that Lafarge Africa shareholders recorded the highest growth in their investments, as it grew by 92.83 percent between the first quarter (Q1) and fourth quarter (Q4) of last year.
- The increase handed Lafarge Africa’s shareholders a combined gain of N2.16 trillion during the period under review, when the cost of the company’s share skyrocketed by N64.75 kobo.
- Data from the stock market showed that equity traders were willing to buy Lafarge’s share at N134.50 kobo at the end of December 2025, compared to the N69.75 kobo the share was valued at the start of January.
- Following the surge in the cement manufacturer’s share price, Lafarge Africa’s market valuation on the Nigerian bourse also increased from N1.12 trillion to N2.16 trillion, making the firm the third most capitalised company in the industry.
BUA Cement
In a space of 12 months, BUA Cement shareholders recorded a 91.93 percent growth in their investments in the manufacturer, which amounts to N2.89 trillion combined gain, according to Prime Business Africa’s analysis.
- The gain, recorded by BUA Cement, which surpasses the market valuation of Lafarge Africa, was propelled by the N85.5 kobo increase in the former’s share price, which surged from N93 to N178.50 kobo.
- While this positively affected the investment of the shareholders, it also catapulted the market valuation of BUA Cement to N6,04 trillion on December 31, 2025, from N3,14 trillion the company was valued on January 2, 2025.
- This makes BUA Cement the second most valuable cement company in the Nigerian stock market.
Dangote Cement
Dangote Cement completed the list of the best-performing cement shares in the Nigerian bourse after the company’s shareholders recorded a 27.19 percent growth in their investment between Q1 and Q4 2025.
- According to the analysis, the growth amounts to a combined gain of N2.19 trillion for the company’s shareholders, and raised Dangote Cement’s market valuation to N10.27 trillion — which is the highest in the industry — on December 31, 2025.
- Dangote Cement’s market valuation had increased from N8.07 trillion recorded on January 2, 2025, after a surge in demand for the company’s shares pushed the equity’s price up by N130.2 kobo, from N478.80 kobo to N609 per share within 12 months.
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