Dangote Cement halts proposed London Stock Exchange listing

Dangote Cement has suspended its planned London Stock Exchange listing, citing market conditions, and its shares will remain listed on the NGX.

Dangote Cement Plc has suspended its planned secondary listing and share offering on the London Stock Exchange (LSE), citing current market conditions and its strategic priorities.

The decision, taken with selling shareholder Dangote Industries Limited, a notice filed with the Nigerian Exchange Limited (NGX) after a board meeting on Tuesday, Nairametrics reports

The notice, signed by Company Secretary Edward Imoedemhe, said the decision applied “at this time” and would not affect operations or business plans.

Its shares will remain listed on the NGX. No revised timetable was given.

The company had planned to offer about 10 per cent of its shares to investors to raise roughly $1 billion, Nairametrics earlier reported.

The move marks another postponement of the cement giant’s long-running London listing ambitions, which date back to at least 2018.

Dangote Cement shares closed at N1,469.90 on Monday, up about 141 per cent since the start of 2026. The stock was unchanged at that price after Tuesday’s announcement.