Prime Business Africa
The valuation of the cement companies on the Nigerian Exchange (NGX), also known as the stock market, increased by 49.67 percent or N6.13 trillion between January and December 2025.
According to Prime Business Africa’s analysis, the market valuation of the cement companies increased from N12.35 trillion at the start of the first quarter (Q1) of 2025 to N18.48 trillion at the end of the fourth quarter (Q4).
Join our WhatsApp ChannelThe market valuation is that of Dangote Cement, Lafarge Africa and BUA Cement, which are the only cement companies listed in the Nigerian stock market during the period under review.
Cement Companies With Highest Valuation In Nigeria
Dangote Cement
Dangote Cement has the highest market valuation in the bourse among its peers, closing last year with N10.27 trillion compared to the N8.07 trillion the manufacturer was valued at the start of 2025.
- Prime Business Africa gathered that Dangote Cement’s market valuation skyrocketed by N2.19 trillion after the company’s share value appreciated by 27.19 percent between January and December.
- According to stock market performance data, Dangote Cement’s share price had increased to N609 at the end of the fourth quarter, from N478.80 kobo at the start of the first quarter, representing a N130.2 kobo rise.
BUA Cement
BUA Cement was able to lock down its second spot on the list of the most valuable cement companies on the NGX after the cost of its share increased by N85.5 kobo during the period under review.
- Prime Business Africa gathered that BUA Cement’s shares traded at N93 per share on January 2, 2025, against the N178.50 kobo the share was sold on December 31, 2025, indicating a 91.93 percent appreciation.
- Consequently, the market valuation of BUA Cement increased by N2.89 trillion to N6.04 trillion at the end of the fourth quarter of 2025, compared to the N3.14 trillion the company was valued at the start of the first quarter.
Lafarge Africa
At the end of December last year, Lafarge Africa’s market valuation increased to N2.16 trillion, making the company the third most valuable cement manufacturer in the Nigerian stock market.
- Prime Business Africa gathered that Lafarge Africa’s market valuation increased from the N1.12 trillion the company was valued on January 2, 2025, indicating a whopping N1.04 trillion climb within 12 months.
- This was as a result of the company’s share price rising by 92.83 percent or N64.75 kobo during the period under review, from N69.75 kobo to N134.50 kobo.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
