Nigeria: Investor Femi Otedola has reported making a ‘significant acquisition’ of shares in Dangote Cement. The Premium Times newspaper has reported the value of the newly acquired shares as US$6.73m.
Femi Otedola said “Dangote Cement's unique position with two export terminals offers a substantial opportunity to earn foreign exchange, crucial for Nigeria's economy. This, along with the company's pan-African presence, makes it an ideal investment choice."