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Dangote Cement Dual-Lists LSE, 10% Offer Amid Profit Surge

5/10/2026

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Summary

Story summary

Dangote Cement will dual-list on the London Stock Exchange by September 2026, keeping its Nigerian Exchange listing.
It will offer about 10% of shares, with JPMorgan Chase and Citigroup advising after UK FCA reforms.
2025 profit of $732 million, a 102% rise, rose a further 35% in Q1 2026 as clinker exports jumped 71.6%.
Dangote aims to sell up to 15% of its 650,000-bpd Lagos refinery in a Nigerian Exchange IPO.

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Story summary

Dangote Cement will dual-list on the London Stock Exchange by September 2026, keeping its Nigerian Exchange listing.
It will offer about 10% of shares, with JPMorgan Chase and Citigroup advising after UK FCA reforms.
2025 profit of $732 million, a 102% rise, rose a further 35% in Q1 2026 as clinker exports jumped 71.6%.
Dangote aims to sell up to 15% of its 650,000-bpd Lagos refinery in a Nigerian Exchange IPO.