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Dangote Cement Plc has decided not to proceed with its proposed secondary listing and offering on the London Stock Exchange for now. In a notice to the Nigerian Exchange on November 10, 2026, the company said the move was based on current market conditions and its strategic priorities, and added that its shares remain listed on the NGX.
Dangote Cement Plc has suspended plans for a proposed secondary listing and offering on the London Stock Exchange.
In a notice filed with the Nigerian Exchange on November 10, 2026, the company said its board had resolved not to proceed with the transaction at this time. It said the decision was made in light of current market conditions and the company’s strategic priorities.
The company also said the decision involved its selling shareholder, Dangote Industries Limited.
Dangote Cement stated that its ordinary shares remain listed on the Nigerian Exchange. It added that the decision does not affect the company’s operations or business plans.
Nairametrics reported that the announcement followed a Dangote Cement board meeting held on Tuesday, November 10, 2026.
The company’s statement did not give a new timeline for any possible future London listing or offering. It also did not announce any change to its existing Nigerian market listing.
The update means investors now have formal confirmation that the planned London transaction has been put on hold, while the company continues under its current listing arrangement on the NGX.
Why it matters
The development matters because Dangote Cement had been pursuing an additional foreign market listing, but has now stepped back from that plan for now. For market watchers, the key immediate point is that the company says this does not change its operations, business plans or its status as an NGX-listed company.
What it means for your money
For Nigerian investors, the confirmed financial-market impact in the statement is limited to the listing decision itself. Dangote Cement said its shares remain listed on the Nigerian Exchange, and it did not announce any direct change to operations, business plans or shareholder arrangements beyond the suspended London transaction.
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The next thing to watch is whether Dangote Cement gives any further update on a future London Stock Exchange plan or revised capital market strategy. Investors may also monitor subsequent company filings and NGX disclosures for any follow-up from the board or changes linked to market conditions and strategic priorities.
Dangote Cement has put its planned London secondary listing and offering on hold, citing market conditions and strategic priorities, while maintaining that its NGX listing, operations and business plans remain unchanged.
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