The Dangote Group is one of Africa’s largest industrial conglomerates, with investments spanning cement, sugar, salt, oil, and more. Founded by Aliko Dangote—Africa’s richest man—the group is widely respected and often seen as a safe bet by Nigerian investors looking to grow their wealth.
But here’s an important point: the Dangote Group itself is not publicly listed, but has 3 companies/subsidiaries listed on the Nigerian Exchange (NGX). So you can choose to invest in any or all of them. If you are looking for how to buy shares in dangote group companies this article will guide you.
What You Can Actually Invest In
Since the Dangote Group is private, retail investors can only access its listed subsidiaries. The most prominent ones include:
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Dangote Cement Plc (DANGCEM) – Africa’s largest cement producer and one of the most capitalized companies on the NGX.
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Dangote Sugar Refinery Plc (DANGSUGAR) – A major player in the Nigerian food and beverage industry.
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NASCON Allied Industries Plc – Manufactures salt and other seasoning products.
These companies are listed on the Nigerian Exchange and pay dividends regularly, making them attractive for both beginner and seasoned investors.
What You Need to Get Started
To buy shares in these companies, here’s what you’ll need:
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A valid form of ID (NIN, passport, etc.)
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Your Bank Verification Number (BVN)
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A Nigerian bank account
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A CSCS account (Central Securities Clearing System) – for holding your shares
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A trading account with a licensed stockbroker or investment platform
Step-by-Step Guide on How to Buy Shares in Dangote Group Companies
Step 1: Choose a Stockbroker or Investment App
Pick a registered broker or online platform. Some popular options include:
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Meristem, ARM Securities, CSL Stockbrokers etc (traditional brokers)
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Chaka, Trove, or Bamboo (digital apps)
Look for a platform with low fees, a user-friendly interface, and solid customer support. You can find a list of top stockbrokers in the Nigeria stock exchange.
Step 2: Open a Trading and CSCS Account
Once you choose a broker, you’ll be asked to submit KYC documents, including your ID and BVN. Your CSCS account is either created for you or linked during this process.
Step 3: Fund Your Trading Account
Use bank transfer, debit card, or other supported methods to fund your account. Some platforms allow you to start investing with as little as ₦5,000.
Step 4: Search and Place Your Buy Order
Search for:
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“DANGCEM” for Dangote Cement
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“DANGSUGAR” for Dangote Sugar
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“NASCON” for NASCON Allied Industries
You can choose a market order (buy at current price) or a limit order (set your preferred price). Confirm and place your order.
Step 5: Monitor and Manage Your Investment
Once shares are purchased, you can track them on your broker’s dashboard or request a CSCS statement. You’ll also receive dividend payments if and when declared by the company.
Tips for First-Time Investors
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Start small: Test the waters before committing large capital.
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Do your research: Review company financials and annual reports.
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Diversify: Don’t put all your money into one stock—even if it’s a “safe” company.
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Think long-term: Shares perform best over years, not weeks.
Common Mistakes to Avoid
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Assuming all Dangote businesses are listed – e.g., Dangote Refinery is still privately held.
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Skipping broker verification – Only use SEC-licensed platforms.
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Buying on hype – Avoid emotional or trend-based decisions.
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Ignoring transaction fees – Understand how your broker charges per trade.
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