Aliko Dangote's Wealth Rises by N1.47 Trillion in Q3 2026

In the third quarter of 2026, Aliko Dangote, Africa’s richest man, experienced a N1.47 trillion increase in the market value of his listed investments on the Nigerian Exchange (NGX). This surge was primarily driven by a 10.8% appreciation in the share price of Dangote Cement from June 30 to September 30, 2026.

An analysis of Dangote's direct and indirect shareholdings in Dangote Cement, Dangote Sugar Refinery, and NASCON Allied Industries revealed that their combined market value rose from N15.07 trillion at the end of June to N16.54 trillion by September. The value of Dangote's holding in Dangote Cement increased from N14.11 trillion to N15.63 trillion, marking a gain of N1.52 trillion.

Conversely, NASCON Allied Industries saw a decline, with its valuation dropping from N368.92 billion to N317.49 billion during the same period. This financial growth coincides with Dangote's business expansion, including the public offering of Dangote Petroleum Refinery and Petrochemicals, which has a production capacity of 650,000 barrels per day.