Nigerian businessman and President of Dangote Group, Aliko Dangote, holds 43% of total capitalization of Nigerian Stock Exchange (NSE) market, Nigerian newspapers This Day reveals on March 9.

Dangote Group’s four companies listed on NSE namely, Dangote Cement Plc, Dangote Sugar Refinery Plc, NASCON Allied Industries Plc and Tiger Branded Consumers Goods Plc have a market capitalization of N3.832 trillion ($19.23 billion), or 43% of total market capitalization (N8.91 trillion), official data reviewed by the media shows.

Dangote Cement, one of Dangote Group’s companies, has a capitalization of N2.862 trillion, a figure which represents 32% of total capitalization of the Lagos Bourse where are listed184 companies.

Dangote Group operates in various sectors including cement, sugar, oil and gas, agriculture, fertilizers and flour.

Besides Nigeria, the group is also present in 15 other African nations including Benin, Cameroon, Ghana, South, Togo, Tanzania and Zambia.

According to Forbes 2016’s world billionaire list published on March 8, 2016, Aliko Dangote remains Africa’s richest man with $15.4 billion.