Dangote Cement suspends London Stock Exchange listing, reveals reason

Dangote Cement Plc has explained wherefore it has enactment its projected debut connected the London Stock Exchange, LSE, connected hold.

The company’s Secretary, Edward Imoedemhe, made the clarification successful a announcement connected Tuesday, pursuing a committee gathering held connected Tuesday, November 10, 2026.

According to the institution secretary, the determination was prompted by prevailing marketplace conditions.

The institution stressed that it had decided not to proceed with the transaction for now.

However, it clarified that the suspension was not permanent, arsenic the projected listing would beryllium revisited astatine an undisclosed aboriginal date.

DAILY POST reports that the connection to database connected the LSE archetypal emerged successful May 2026, erstwhile Dangote Cement was valued astatine astir $13 billion.

However, successful July, the institution said it preferred London to Dubai due to the fact that the UK listing process was faster and much practical.

On September 2, it announced a Capital Markets Day for investors successful London, scheduled for September 21, arsenic portion of preparations for the projected listing.

This comes arsenic Dangote Cement shares closed astatine N1,469.90 connected Monday, November 9, representing a 9.6 per cent summation from N1,341.

Dangote Cement suspends London Stock Exchange listing, reveals reason