Says listing of refinery, Dangote Fertiliser, natural next step
Ndubuisi Francis in Abuja, Peter Uzoho and Kayode Tokede in Lagos
Nigerian Exchange Group (NGX) has described Dangote Refinery as a monumental achievement, a symbol of Nigerian enterprise, resilience, and ambition.
NGX said the refinery embodied the promise of enhanced energy security, industrial growth, job creation, and strengthened global competitiveness for the Nigerian economy.
NGX Chairman, Dr. Umaru Kwairanga, made the comments when he led a delegation of the capital market community on a tour of the refinery complex in Lagos.
According to him, while celebrating the remarkable success of the project and other initiatives within the Dangote group, the nation鈥檚 foremost bourse is looking forward to the potential listing of both Dangote Refinery and Dangote Fertiliser on NGX.
Kwairanga said such listings would mark a natural next step in Dangote Group鈥檚 journey of transparency, market leadership, and inclusive wealth creation.
They would also provide investors with additional opportunities to participate in national assets that generate lasting economic value, Kwairanga added.
His address read, 鈥淚 am honoured to extend our heartfelt appreciation to Alhaji Aliko Dangote, GCON, and the entire Dangote Group for warmly hosting us at this truly remarkable facility, the Dangote Refinery.
鈥淭oday鈥檚 visit reflects NGX Group鈥檚 continued commitment to fostering deeper engagement between the capital market and the key drivers of Nigeria鈥檚 industrial and economic transformation.
鈥淭he Dangote Refinery stands as a monumental achievement, a symbol of Nigerian enterprise, resilience, and ambition. It embodies the promise of enhanced energy security, industrial growth, job creation, and strengthened global competitiveness for our economy.
鈥淚 would like to particularly commend Alhaji Aliko Dangote for his enduring contributions to the development of the Nigerian capital market.鈥
Kwairanga stated, 鈥淎s many of us know, Alhaji Dangote served with distinction as President of Council of the Nigerian Stock Exchange, where his vision, leadership, and steadfast belief in the power of capital markets helped lay the foundation for the progress we celebrate today.鈥
He stressed that in addition to Aliko Dangote鈥檚 personal leadership, the industrialist had, through the Dangote Group, demonstrated exemplary corporate citizenship within the market ecosystem.
Kwairanga added, 鈥淲ith the listing of Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc on NGX, the Group has significantly deepened market liquidity, enhanced investor confidence, and driven long-term value creation for shareholders.
鈥淭his visit offers more than a tour of an industrial complex. It is a moment of collective reflection on the power of private sector innovation, local capacity building, and the pivotal role of capital markets in financing transformative projects.鈥
Kwairanga explained, 鈥淲ith a refining capacity of 650,000 barrels per day, the Dangote Refinery is the largest single-train refinery in the world. Its operations promise to reduce Nigeria鈥檚 dependence on imported refined petroleum products, conserve foreign exchange, generate employment, and position our nation as a net exporter of refined products.
鈥淭o all capital market stakeholders here present, your presence underscores our shared commitment to strengthening the bridge between investment capital and national development.
鈥淎s we celebrate the remarkable success of this project and other initiatives within the Dangote Group, we look forward with great anticipation to the potential listing of both Dangote Refinery and Dangote Fertiliser on NGX.
鈥淪uch listings would mark a natural next step in the Group鈥檚 journey of transparency, market leadership, and inclusive wealth creation. They would also provide investors with additional opportunities to participate in national assets that generate lasting economic value.
鈥淎t NGX Group, we remain dedicated to creating platforms that mobilise capital for enterprises like this and platforms that power ambition, unlock innovation, and deliver sustainable impact.
鈥淲e will continue working closely with issuers, regulators, and market participants to build a capital market that is deep, vibrant, inclusive, and globally competitive.
鈥淥nce again, we extend our profound gratitude to Alhaji Aliko Dangote and the Dangote Group for their hospitality, vision, and steadfast investment in Nigeria鈥檚 future.
鈥淵ou inspire us all to think big, act boldly, and believe in the limitless promise of our great nation.鈥