Nigerian Exchange Group (NGX Group) and capital market leaders have reaffirmed their readiness to support the imminent listing of Dangote Fertiliser Limited on NGX, a milestone for Nigeria’s industrial and capital market growth.
The commitment followed a high-level tour of Dangote refinery and fertiliser facilities by NGX Group’s board, management, and market stakeholders.
Temi Popoola, NGX Group GMD/CEO, highlighted the capacity of the Exchange to mobilize capital for large-scale projects: “In 2024 alone, Nigerian investors deployed over ₦2 trillion into the banking sector. With Dangote Fertiliser’s listing, we’re poised to replicate this success, providing the infrastructure and liquidity to drive industrial growth.”
Jude Chiemeka, CEO of Nigerian Exchange Limited (NGX), added: “This listing will showcase NGX’s ability to attract transformative deals. Our market’s depth, transparency, and investor base ensure seamless execution.”
Aliko Dangote, President and Chief Executive of Dangote Group confirmed the fertiliser business’s robust outlook: “With projected revenues of $20 million daily and $70 billion cumulative earnings potential, this listing will offer investors dollar-denominated returns and long-term value.” He emphasized NGX Group’s role in achieving Nigeria’s $1 trillion economy goal.
Umaru Kwairanga, NGX Group Chairman, praised Dangote’s historic market contributions: “From his leadership at the Exchange to this listing, Alhaji Dangote exemplifies private sector’s role in market development.”
The delegation included CEOs of CSCS, NGX Regulation, and Lagos Commodities Exchange as well as CIS President and ASHON Chairman. The engagement underscores NGX Group’s commitment to enabling capital access for Nigeria’s industrial champions, reinforcing its position as a catalyst for inclusive growth.
