Africas largest cement producer, Dangote Cement Plc, led by Nigerian billionaire Aliko Dangote, reported a near threefold rise in profit for the nine months ended Sept. 30, 2025. With its nine-month profit now above 500 million, this is a milestone in Nigeria's corporate history.
Profit for the period surged from N279.1 billion 191.1 million in the same period of 2024, reflecting impressive earnings growth during the period under review and improved operational efficiency. By comparison, the company had posted N503 billion 344.7 million in profit for the full year 2024 on revenue of N3.58 trillion 2.45 billion.
Nigeria leads revenue growth surge