Dangote Cement Approves N45 Dividend, Boosts NGX Liquidity

Dangote Cement Plc has approved a final dividend of N45 per ordinary share for the financial year ending December 31, 2025, amounting to a total payout of N753.8 billion. This decision was made during the company's 17th annual general meeting in Lagos, chaired by Emmanuel Ikazoboh.

The dividend payout is anticipated to inject billions into the Nigerian Exchange (NGX), potentially reversing a three-week bearish trend that has seen major blue-chip equities decline. Market analysts expect this influx of cash to trigger reinvestment opportunities and stabilize the market, which has faced downward pressure recently.

The NGX share index has dropped significantly, closing at 229,240.34 points, with a market capitalization of N147.11 trillion. Despite this, trading volume surged, indicating active buying amidst panic selling.

Dr. Faruk Umar, representing shareholders, commended the company's focus on sustainable industrial growth and local resource utilization, emphasizing the importance of self-sufficiency in Africa.