Prime Business AfricaIn the second quarter (Q2) of 2025, the shareholders of Lafarge profited more from their investments in the company than those of BUA Cement and Lafarge Wapco, according to Prime Business Africa’s analysis.
At the start of April, analysis showed that Lafarge, BUA Cement and Dangote Cement, the only cement companies listed on the Nigerian Exchange Limited (NGX), held N12.10 trillion market capitalisation.
Join our WhatsApp ChannelHowever, the market valuation dropped by N43.55 billion within three months to N12.05 trillion at the end of June, due to a decline in the market capitalisation of Dangote Cement.
How The Cement Companies Performed In Q2 2025
Lafarge Wapco
During the review period, Lafarge’s shareholders recorded 20.11 percent growth in their investment value, as the company’s shares were the most sought-after cement shares.
With investors bullish on Lafarge’s shares, the company’s share price increased by N14.6 kobo, from N72.60 kobo on April 2 to N87.20 kobo on June 30, according to data obtained from Afx.kwayisi.
As a result, the company’s shareholders recorded a combined gain of N235.17 billion within three months, while Lafarge’s market valuation also increased from N1.16 trillion to N1.40 trillion.
BUA Cement
BUA Cement also closed the second quarter as the second-best-performing cement stock after the company’s shareholders saw their investments appreciate by 13.97 percent.
Prime Business Africa’s analysis showed that the increase represents a combined gain of N396.21 billion for BUA Cement’s shareholders, which also increased the company’s market valuation to N3.23 trillion at the end of the quarter.
The market valuation had increased from N2.83 trillion recorded at the start of the quarter after BUA Cement’s share price jumped by N11.7 kobo from N83.70 kobo per share to N95.40 kobo within April and June.
Dangote Cement
The second quarter was unprofitable for Dangote Cement shareholders, as they lost 8.33 percent of their investment after the company’s share price dropped by N40.
This reflected that the stock market investors were not bullish on Dangote Cement’s shares, and it resulted in the shareholders recording a combined loss of N674.94 billion, which is more than the combined gains (N631.38 billion) recorded by BUA Cement and Lafarge’s shareholders.
According to data seen, Dangote Cement’s share price had crashed to N440 on June 30, from N480 per share on April 2, on the back of bearish sentiments, which also led to the company’s market valuation dropping from N8.09 trillion to N7.42 trillion, within the same period.
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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.
