5 Most Valuable Nigerian Companies In The World

3. Dangote Cement PLC (DANGCEM:NL)

Market Capitalization: $9.7 billion (₦4.5 trillion)

Dangote Cement PLC (DANGCEM:NL) is the biggest cement manufacturer in the sub-Saharan region of Africa, with an installed capacity of 51.6 million tons that is spread across 10 countries.

In Nigeria, the company has a total installed capacity of 32.3 million metric tons per annum. Dangote Cement PLC (DANGCEM:NL) is a subsidiary of Dangote Industries, which was founded in 1981 by Aliko Dangote as a trading company. The company had an initial focus on bagged cement and diversified into other commodities like fish, flour, rice, salt, and sugar. Mr. Dangote is the richest man in Africa through his 85% shareholding in Dangote Cement PLC (DANGCEM:NL).