By Seun Ibiyemi
Dangote Cement Plc has announced the opening of a Series 1 and Series 2 Commercial Paper (CP) issuance valued at up to ₦100 billion under the company’s ₦500 billion Commercial Paper Issuance Programme.
The offer made known by Afrinvest Securities Limited is part of Dangote Cement’s strategy to deepen its short-term liquidity position and support ongoing operational needs across its regional footprint.
Dangote Cement, the largest cement producer in Sub-Saharan Africa, operates with an installed capacity of 55 million tonnes per annum, including 35.3 million tonnes in Nigeria.
With presence in 11 African countries, the company runs a fully integrated “quarry-to-customer” operation that spans cement production, sales, and distribution.
The company is credited with eliminating Nigeria’s dependency on imported cement and transforming the nation into a net exporter, serving several neighboring countries through its strong regional network.
According to Afrinvest, the terms of the issuance are as follows: Series 1: 181-day tenor, Discount Rate: 16.1026 per cent, Yield: 17.50 per cent, Maturity Date: 20 May 2026
Series 2: 265-day tenor, Discount Rate: 16.6968 per cent Yield: 19.00 per cent, Maturity Date: 12 August 2026
The minimum subscription for the offer is ₦50 million, and subscriptions will close on Wednesday, 19 November 2025.
Afrinvest expressed confidence that the issuance will attract strong investor interest, given Dangote Cement’s market dominance, robust financial position, and sustained demand for infrastructure development across the region.