SEO Riders:
– NGX chairman praises Dangote Group for bolstering market liquidity and investor confidence.
– Push underway to list Dangote Refinery and Fertiliser on NGX to deepen capital market.
– Dangote promises dollar‑denominated dividends and robust returns to attract investors.
The Chairman of the Nigerian Exchange Group (NGX), Alhaji Umaru Kwairanga, has lauded Aliko Dangote and the Dangote Group for their significant role in shaping Nigeria’s capital market. Speaking during a visit by NGX board members and stakeholders to the Dangote refinery and fertiliser facilities in Ibeju‑Lekki, Kwairanga described Dangote as “the pride of Nigeria’s financial market,” praising his earlier leadership as President of the Nigerian Stock Exchange council and his companies’ role in deepening market liquidity and boosting investor confidence. He specifically urged the listing of Dangote Petroleum Refinery and Dangote Fertiliser on NGX, calling it a logical step in the firm’s journey toward transparency, market leadership, and inclusive wealth creation.
Supporting this push, NGX CEO Temi Popoola highlighted the exchange’s maturity, noting that ₦2 trillion was mobilized into the banking sector over the past year—capital that could be mirrored by projecting Dangote Fertiliser’s listing potential. Aliko Dangote himself confirmed plans for a dollar‑denominated dividend structure, designed to guard investors’ returns against naira depreciation. He shared ambitious projections: $20 million in daily revenue, up to $70 billion cumulative income, and annual dividends reaching $3–4 billion. The move is expected to bolster Nigeria’s capital market depth while aligning with the country’s economic growth aspirations.
