Dangote Cement Swings to N45.7bn FX Gain on Naira Stability

Dangote Cement posted a net foreign gain of N45.7 billion in the first half of the year compared to a loss of N201.3 billion in the same period of 2024.

“This was supported by the appreciation of the naira from N1,549/$ at the year-end 2024 to N1,532.0/$ as at the end of June 2025,” the company said in its latest financials.

With the FX gain and its interest income jumping by 172% to N67.52 billion, Africa’s largest cement producer saw its new finance cost tumble to N102.91 billion from N307.72 billion. Its interest expense and other finance costs rose to N216.16 billion from N131.22 billion.