By Radarr Africa Business Desk
LAGOS, November 11 (Radarr Africa) – Dangote Cement Plc has suspended its proposed listing on the London Stock Exchange, saying current market conditions and its strategic priorities no longer favour going ahead for now.
The company disclosed the decision in a regulatory filing signed by its company secretary, Edward Imoedemhe, after a board meeting on Tuesday. The filing said the company’s ordinary shares remain listed on the Nigerian Exchange Group (NGX) and that the decision does not affect its operations.
The pause ends a plan that the company first made public in May, when it said it was in early talks about a possible London listing as a way to reach more overseas investors and a wider pool of capital. Such a listing would have been a secondary one, with the NGX remaining the home market for the shares.
In July, the company explained why it had settled on London. It said the UK listing process was faster and more practical than the route through Dubai, which it had also considered as a venue for a secondary listing. The latest filing does not set a new timetable or say whether either venue will be revisited.
Dangote Cement is the cement arm of the business empire of Aliko Dangote, who owns the majority of the company. The group has production capacity of 55 million tonnes a year and operates in 11 African countries, among them Cameroon, Ethiopia, Zambia, Tanzania and Côte d’Ivoire. That footprint outside Nigeria was part of the case for a listing that international investors could trade more easily.
The company’s trading figures remain strong. For the first nine months of 2026, Dangote Cement reported that profit rose 31% and revenue reached N3.8 trillion, driven by higher sales of cement and clinker, the intermediate product used to make cement.
The suspension comes weeks after Aliko Dangote launched what was described as Africa’s largest-ever initial public offering, for his oil refinery, in September. That offer was separate from the cement company’s plans, but the two moves put the Dangote group at the centre of Nigeria’s capital-market activity this year.
