Dangote Cement operates an integrated cement value chain with capacity exceeding 50 million tonnes per annum, spanning Nigeria and several other African markets including Ethiopia, Senegal, Tanzania, South Africa, and Cameroon. Its vertically integrated model—covering limestone mining, power generation, and logistics—provides a cost advantage that few competitors can match in Africa.

Nigeria remains the core earnings engine, contributing the majority of revenue and EBITDA, while Pan-African operations offer diversification and FX-linked earnings.

1/14/2026 08:29EST (Last Price 635):

While wave 1 has completed at 665, we think that ther is sufficient evidence that wave 2 has been completed so we have to focus on higher against 350. We look for a swift advance above 650 as wave 3 unfolds.

Note that in the analysis above, wave 2 (black) only retraced to 38.2 Fibonacci level of wave 1, this suggests
(1) the asset  is very bullish and a substantial  impulse will ensue
(2) this is wave a of an abc correction moving downwards
We favour option (1) because 38.2 is sufficient wave 2 for a very bullish market and we have seen a lot of bullish movements in the market this week., a confirmation will be a break of the 665 high which will give further credence too this count.