Home » How to buy Dangote shares in Nigeria – complete beginner’s guide

How to buy Dangote shares in Nigeria – complete beginner’s guide

How to Buy Dangote Shares in Nigeria – Complete Beginner’s Guide


Introduction: Why People Invest in Dangote Companies

When Nigerians think of big, trusted companies, Dangote Group often tops the list. While “Dangote” is the name of a group of companies owned by billionaire Aliko Dangote, only some of those companies are listed on the Nigerian Stock Exchange (NGX) and available for public investors to buy.


Which Dangote Companies Are Listed on the Stock Market?

1. Dangote Cement Plc (DANGCEM)

  • Ticker Symbol: DANGCEM
  • Sector: Building Materials / Cement
  • Website: https://www.dangotecement.com
  • Note: This is the most popular and most traded Dangote company on the stock market.

2. Dangote Sugar Refinery Plc (DANGSUGAR)

3. NASCON Allied Industries Plc (NASCON)


2024 Stock Performance Example: Dangote Cement (DANGCEM)

In 2024, Dangote Cement Plc recorded solid returns due to growing infrastructure demand, export expansion, and strong investor confidence.

2024 Return: +112%

Let’s break this down with real naira figures:

If you invested ₦100,000 in DANGCEM at the start of 2024:

  • You would have gained ₦112,000 in profit
  • Total value = ₦212,000 by year-end

Typical Yearly Returns (Long-Term)

  • Cement and industrial stocks like Dangote Cement may return 20% to 50% in bullish years.
  • More stable than oil stocks, but still profitable over time.


Step-by-Step: How to Buy Dangote Shares in Nigeria


Step 1: Choose a Licensed Stockbroker

You’ll need a licensed broker to buy any shares on the NGX.

Trusted Nigerian Brokers (with Websites):

Important: Choose one, visit their site, and register.


Step 2: Open a CSCS Account (Done Through Broker)

Your broker will help open a CSCS account — this is like your “bank account” for storing shares electronically.

Documents needed:

  • Valid ID (National ID, Driver’s License, or Passport)
  • Passport photo
  • Utility bill
  • BVN
  • Email and phone number

Step 3: Fund Your Trading Account

Once your trading and CSCS accounts are ready, fund your account using:

  • Online bank transfer
  • Broker’s online platform or mobile app

Example: To invest ₦100,000 in Dangote Cement, transfer ₦101,500 (₦100,000 + broker fee ~1.5%)


Step 4: Place Your Buy Order

Place a buy order using your broker’s app or by contacting them.

Example:

“Buy ₦100,000 worth of Dangote Cement (DANGCEM) at market price.”

You’ll get a confirmation once your order is executed.


How to Track Your Dangote Shares

A. Through Your Broker

Use your broker’s app or portal to see:

  • Number of shares you own
  • Current market value
  • Daily profit/loss

B. Through the Nigerian Exchange (NGX)

Visit: https://ngxgroup.com

  • Click “Market Data”
  • Search for “DANGCEM” or “DANGSUGAR”
  • You’ll see:
    • Latest price
    • Performance chart
    • Volume traded

When to Sell Your Shares

When you’ve made a reasonable profit or need cash, you can:

  • Place a sell order using your broker’s platform
  • Your funds return to your trading account
  • From there, you withdraw to your bank account

Tools to Stay Updated


Disclaimer

This guide is for educational purposes only and should not be taken as financial advice. The Nigerian stock market can be volatile. Past performance (such as Dangote Cement’s 112% gain in 2024) does not guarantee future results.

Before investing:

  • Physically verify any broker you intend to use
  • Ensure they’re licensed by the SEC and registered with the NGX
  • Never transfer money to personal or unverified accounts

If in doubt, consult a certified financial advisor.


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