Dangote Cement Plc has notified the Nigerian Exchange Limited of the purchase of two million units of its ordinary shares by Non-Executive Director, Mr. Olakunle Alake.
In a filing signed by the Acting Company Secretary, Edward Imoedemhe, the company disclosed that the transaction took place on July 31, 2025, in Lagos.
The shares were acquired at a price of ₦511 each, bringing the total value of the deal to approximately ₦1.022 billion.
Transaction Details
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Director/Insider: Olakunle Alake
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Position: Non-Executive Director
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Company: Dangote Cement Plc
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Instrument: Ordinary Shares (ISIN: NGDANGCEM008)
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Nature of Transaction: Purchase
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Volume: 2,000,000 units
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Price: ₦511 per share
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Total Consideration: ₦1,022,000,000
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Date of Transaction: July 31, 2025
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Location: Lagos
The transaction was disclosed in line with regulatory requirements on insider dealing notifications.
Dangote Cement remains Nigeria’s largest cement producer and a leading player in Africa’s construction and infrastructure industry. The acquisition by Alake underscores continued insider confidence in the company’s long-term growth prospects.