By Annette Ikponmwonba | September 10, 2026
Keypoints
• Dangote Cement Plc has disclosed an insider purchase of 986 ordinary shares.
• The shares were acquired by the company’s Head of Treasury, Omode Emmanuel Oladimeji.
• The transaction was valued at N996,491.01.
• The purchase was executed on the Nigerian Exchange on May 4, 2026.
• The shares were bought in two tranches at N1,008.15 and N1,013.13 per share.
• The combined transaction represents a volume-weighted average acquisition price of N1,010.64 per share.
Main Story
Dangote Cement Plc, Sub-Saharan Africa’s largest cement producer, has notified the Nigerian Exchange Limited and the investing public of an insider purchase involving its shares, The disclosure, titled “Notification of Share Dealing by Insiders,” was filed with the Nigerian Exchange as part of the company’s statutory obligations on transparency and disclosure of transactions by key management personnel.
According to the filing released on Tuesday and signed by the company’s Secretary, Edward Imoedemhe, the Head of Treasury, Omode Emmanuel Oladimeji, acquired 986 ordinary shares of Dangote Cement valued at N996,491.01, The transaction was filed as an initial notification of insider dealing in compliance with Rule 111 of the NGX Rules Governing Director and Insider Dealings.
The rule requires listed companies to publicly disclose equity transactions carried out by directors and other insiders, The transaction took place on the floor of the Nigerian Exchange in Lagos on May 4, 2026, and was executed across two separate price tranches.
The first tranche involved the purchase of 263 shares at N1,008.15 per share, while the second involved 723 shares at N1,013.13 per share, Combined, the two transactions amounted to 986 shares at a volume-weighted average acquisition price of N1,010.64 per share.
Insider transactions are closely monitored by equity analysts and retail investors as they can provide an indication of management sentiment and confidence in a company’s future performance, An insider purchase does not, however, guarantee future share-price gains or necessarily indicate the company’s expected financial performance.
The Issues
The disclosure highlights the importance of transparency in transactions involving directors and other insiders of publicly listed companies, Mandatory reporting of insider dealings allows investors to monitor significant transactions by people with access to internal knowledge of a company and helps promote confidence in the capital market.
What’s Being Said
Dangote Cement formally disclosed the transaction in line with NGX requirements governing insider dealings, The purchase involved 986 shares acquired by the company’s Head of Treasury at an average price of N1,010.64 per share.
What’s Next
Investors and market analysts will continue to monitor Dangote Cement’s insider dealings, financial results and share-price performance for further indications of market sentiment toward the company.
Bottom Line
Dangote Cement’s Head of Treasury, Omode Emmanuel Oladimeji, has purchased 986 shares of the company for N996,491.01. The transaction, carried out in two tranches on May 4, 2026, was formally disclosed to the NGX and the investing public in compliance with insider-dealing rules.
