Prime Business AfricaDangote Cement maintained its position as the most valuable cement company in Nigeria in the first quarter (Q1) of 2025, ahead of BUA Cement and Lafarge Africa.
At the end of Q1, the three companies, which are the only publicly listed cement manufacturers in the country, had a combined market valuation of N12.12 trillion, according to Prime Business Africa’s analysis of their stock market performance in the reviewed period.
Join our WhatsApp ChannelTheir combined market valuation dropped by N229.45 billion or 1.85 percent within three months from the N12.35 trillion the manufacturers opened the year with.
A breakdown of the companies’ market valuations showed that Dangote Cement and Lafarge Africa are the only cement manufacturers that recorded an increase in their equity capitalisation, and BUA Cement saw a decline.
Dangote Cement’s market valuation increased by N20.24 billion between January and March, on the back of a 0.25 percent appreciation in the company’s share value, which rose from N478 to N480.
Consequently, Dangote Cement’s market valuation increased to N8.09 trillion from N8.07 trillion during the period in review, enabling the company to retain its spot.
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BUA Cement is the second most valuable manufacturer in the industry despite losing N314.93 billion in its market valuation after the shares of the company plunged by 10 percent.
Due to BUA Cement’s share price declining from N93 to N83.70, the manufacturer’s market capitalisation fell to N2.83 trillion from N3.14 trillion.
However, a 5.80 percent gain in Lafarge Africa’s shares – which was sold at N73.80 kobo by the end of March, compared to N69.75 kobo at the start of the quarter – added N65,23 billion to the market valuation of the company.
Lafarge Africa closed the quarter with N1.18 trillion, up from the N1.12 trillion the cement company was valued at the start of January.
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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.
