A three‐component reaction of aromatic aldehydes, malononitrile or ethyl cyanoacetate and 2‐hydroxy‐1,4‐naphthaquinone has been achieved in the presence of an amino‐functionalized CeO2/CuO@ nitrogen graphene quantum dot nanocomposite as a highly effective heterogeneous catalyst to produce benzo[g]chromenes. The catalyst has been characterized by X‐ray diffraction, scanning electron microscopy, transmission electron microscopy, Fourier transform infrared, energy‐dispersive X‐ray spectroscopy, thermogravimetric analysis, X‐ray photoelectron spectroscopy, Brunauer‐Emmett‐Teller (BET) and vibrating sample magnetometry. This new catalyst has been demonstrated to be highly effective in the preparation of benzo[g]chromenes.