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LequteMan
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Africa’s richest man and President of the Dangote Group, Aliko Dangote, controls 43 per cent of the Nigerian stock market, THISDAY reports.
Dangote owns the Dangote Group, which has interests in cement, sugar and flour businesses. He operates in Nigeria and some African countries, including Benin, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia. Forbes valued Dangote at $15.4billion.
Four of Dangote’s companies listed on the Nigerian Stock Exchange (NSE) had a market capitalisation of N3.832 trillion. This value is about 43 per cent of N8.91 trillion, which was the total capitalisation of the equities listed on the Nigerian bourse as at Monday.
The companies include: Dangote Cement Plc, Dangote Sugar Refinery Plc, NASCON Allied Industries Plc and Tiger Branded Consumers Goods Plc. With a value of N3.832 trillion, Dagote controls 43 per cent of the market, while the over 180 companies control the remaining 57 per cent.
Dangote Cement has the highest value of N2.862 trillion, which is 32 per cent of the total capitalisation of the equities market.
Dangote Sugar Refinery Plc trailed with N68 billion, while NASCON Allied a Industry Plc has N18 billion. Tiger Branded Consumer Goods has a value of N9.45 billion.
Dangote owns the Dangote Group, which has interests in cement, sugar and flour businesses. He operates in Nigeria and some African countries, including Benin, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia. Forbes valued Dangote at $15.4billion.
Four of Dangote’s companies listed on the Nigerian Stock Exchange (NSE) had a market capitalisation of N3.832 trillion. This value is about 43 per cent of N8.91 trillion, which was the total capitalisation of the equities listed on the Nigerian bourse as at Monday.
The companies include: Dangote Cement Plc, Dangote Sugar Refinery Plc, NASCON Allied Industries Plc and Tiger Branded Consumers Goods Plc. With a value of N3.832 trillion, Dagote controls 43 per cent of the market, while the over 180 companies control the remaining 57 per cent.
Dangote Cement has the highest value of N2.862 trillion, which is 32 per cent of the total capitalisation of the equities market.
Dangote Sugar Refinery Plc trailed with N68 billion, while NASCON Allied a Industry Plc has N18 billion. Tiger Branded Consumer Goods has a value of N9.45 billion.
