Dangote Industries Limited (DIL), the majority shareholder of Dangote Cement Plc, has shelved plans for a proposed secondary listing and share offering of the cement company on the London Stock Exchange (LSE).
The decision was disclosed by Dangote Cement in a notice to the Nigerian Exchange Limited (NGX), the investing public and other stakeholders following a meeting of its Board of Directors held on November 10, 2026.
According to the statement signed by the Company’s Secretary, Edward Imoedemhe, the Board resolved that, in view of prevailing market conditions and the company’s strategic priorities, DIL would not proceed with the proposed secondary listing and offering on the London Stock Exchange at this time.
The development marks a change in the plans by the selling shareholder to expand the international market exposure of Dangote Cement through a listing on the London bourse.
However, the company clarified that the decision would not affect its existing listing on the NGX or its business operations.
“The Company’s ordinary shares remain listed on the NGX, and this decision does not in any way affect the Company’s operations or business plans,” the statement said.
Dangote Cement added that it remained focused on delivering sustainable value to shareholders and strengthening its position in the market.
The proposed London listing had been expected to provide an additional international platform for trading in the company’s shares and potentially broaden access to foreign investors.
With the suspension of the plan, Dangote Cement’s ordinary shares will continue to trade on the Nigerian Exchange, while the company maintains its existing business and strategic objectives.
