Build Your Portfolio with Africa’s Cement Powerhouse
We’re excited to bring you a fresh opportunity to grow your portfolio with one of Africa’s most trusted industrial giants.
Dangote Cement Plc, Nigeria’s most valuable listed company and the continent’s largest cement producer, has launched its Series 21 Commercial Paper, now available for subscription on AssetBase.
This offer, part of Dangote Cement’s ₦300 billion Commercial Paper Issuance Programme, provides investors with access to a high-grade, short-term debt instrument. Backed by one of Africa’s most profitable companies, this commercial paper offers both stability and strong returns, making it an ideal option for investors seeking security, liquidity, and performance over a short tenor.
Why You Should Invest in This Commercial Paper
Commercial papers are debt instruments issued by companies to raise short-term funds. But not all papers are created equal, and this is where Dangote Cement stands out.
- Trusted Issuer: Dangote Cement is not only Nigeria’s largest listed company by market capitalisation, but also one of the most creditworthy corporate issuers in the region. With AA+ (GCR) and A1 (DataPro) credit ratings, the company’s financial strength and repayment ability are well established.
- Attractive Yield: The Series 21 paper offers a 268-day tenor with a gross yield of 17.99% and an annual implied yield of 24.501% — competitive returns for a short-term, fixed-income investment.
- Security and Scale: Backed by a company that generated over ₦3.58 trillion in revenue and ₦503.2 billion in net profit in FY 2023, this commercial paper benefits from one of the strongest balance sheets in corporate Nigeria.
- Liquidity: With a short maturity period (March 11, 2026), this note allows investors to lock in high yields without tying up capital for long periods — ideal for tactical, medium-term portfolio strategies.
About the Issuer: Dangote Cement Plc
Founded by Africa’s richest man, Aliko Dangote, Dangote Cement is the flagship of the Dangote Group and a dominant force in Africa’s industrial sector. Headquartered in Lagos, Nigeria, the company operates in 10 African countries and holds over 60% of Nigeria’s cement market share.
Its cement operations span three major Nigerian plants:
- Obajana (Kogi) – 16.25 million tonnes per annum (mtpa), the largest in Africa
- Ibese (Ogun) – 12 mtpa
- Gboko (Benue) – 4 mtpa
In total, Dangote Cement operates with an installed capacity of 32.25 mtpa in Nigeria and 51.6 mtpa across Sub-Saharan Africa, including plants in Ethiopia, Tanzania, South Africa, Senegal, Zambia, Cameroon, Ghana, Sierra Leone, and the Republic of Congo.
Its product line includes:
- Dangote 3X Cement (42.5R) – known for strength and rapid setting
- 32.5R grade – for general construction
- BlocMaster – designed for block makers and dry concrete applications
Beyond cement production, the company is vertically integrated with its own limestone mines, energy generation facilities, and the largest private truck fleet in Africa (over 10,000 trucks), ensuring cost efficiency and reliability.
Financially, the company is a juggernaut:
- Revenue (FY 2023): ₦3.58 trillion
- EBITDA: ₦1.14 trillion
- Net Profit: ₦503.2 billion
- Total Assets: ₦6.42 trillion
- EPS: ₦29.74 | DPS: ₦30.00
These numbers reflect strong margins, prudent cost management, and consistent value creation for shareholders, making it a credible and appealing issuer of commercial paper.
Offer Details
- Asset Name: Dangote Cement Plc Commercial Paper
- Series: 21
- Tenor: 268 days
- Yield (Annualized): 24.501%
- Gross Expected Yield: 17.99%
- Minimum Subscription: ₦100,000
- Start Date: June 10th, 2025
- Maturity Date: March 11th, 2026
- Repayment: Payment at Maturity
- AssetBase Allocation: ₦50 million
- Issuer Rating: AA+ (GCR), A1 (Data Pro)
- Issuer: Dangote Cement Plc
- Listed On: Nigerian Exchange (NGX: DANGCEM)
- Ownership: 85.8% held by Dangote Industries Limited
- Currency: NGN
- Withholding Tax: 10%
- Processing Fee: 2%
How to Invest
Getting started is simple.
To invest in the Dangote Cement Series 21 Commercial Paper, log in to your AssetBase account and navigate to the investment dashboard. Select the offer, enter your investment amount (starting from ₦100,000), and complete the subscription process in just a few clicks.
Once subscribed, your capital will be deployed into this high-grade, short-term debt instrument. At the end of the 268-day tenor, your principal and earned returns will be paid directly to your wallet on AssetBase.
It’s fast, secure, and fully digital, giving you access to a powerful fixed-income opportunity with minimal hassle.
