Aliko Dangote, Shareholders Make ₦110.76bn As Rabiu Abdulsamad, Others Left Empty-Handed

Investors in Dangote Cement shares last week made a gain of ₦110.76 billion at the end of the week’s trading session.

The market capitalisation pushed up as the high demand in the firms stock pushed.

Shareholders investment in Dangote Cement grew by 2.37% after four days of trading in the capital market.

However, BUA Cement did not offer its investors much excited at the end of trading last week.

At the end of the trading week, shareholders’ total investment in Dangote’s cement business stands at ₦4.77 trillion, up from last week Friday’s ₦4.66 trillion, thanks to its stock value jumping to ₦280 per share, from ₦273.5.

Shareholders at BUA Cement, owned by Rabiu Abdulsamad, on their part were left empty handed after four days of trading at the capital market.

BUA Cement share remained flat during the period under review, trading at ₦70.75kobo per share this week, which saw the firm’s shareholders’ investment stagnant at ₦2.39 trillion.

This article was originally published on Nigeria News