Billionaire tycoon Femi Otedola has acquired shares worth ₦6 billion in Dangote Cement Plc, as revealed by a reliable source.
The acquisition adds to Otedola's diverse portfolio, showcasing strategic investments in key sectors. Dangote Cement, currently the largest company in Nigeria by market capitalization, has seen remarkable growth, with a 81.4% return in the last 52 weeks.
Otedola, known for his savvy investment decisions, holds a majority stake in Geregu Power Plc and has previously made notable investments in FBN Holdings and Transnational Corporation of Nigeria.
This latest move underlines Otedola's continuous efforts to strengthen his presence in Nigeria's business landscape and navigate the dynamics of the stock market.
