Otedola acquires N6 billion worth of Dangote Cement shares
Billionaire tycoon Femi Otedola has racked up shares worth N6 billion of Dangote Cement Plc, a source with knowledge of the transactions told PREMIUM TIMES on Thursday.
Mr Otedola, the source said, acquired the shares in his name.
Sub-Saharan Africa’s largest cement maker Dangote Cement recently leapfrogged telecommunications powerhouse Airtel Africa to become Nigeria’s biggest company by market capitalisation, currently valued at N8.35 trillion.
Dangote Cement has returned 81.4 per cent in the last 52 weeks and…