Dangote Petrochemicals Set to List on Nigerian Stock Exchange This Month.
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- Dangote Petrochemicals Set to List on Nigerian Stock Exchange This Month.
- 09 Jun, 2025
- Faith Kegh
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Dangote Petrochemicals Set to List on Nigerian Stock Exchange This Month.
Dangote Petrochemicals, a subsidiary of Dangote Refinery and Petrochemicals, is expected to begin trading on the Nigerian Exchange (NGX) before the end of June. This move will open the company’s
shares to public investors for the first time.
Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group, confirmed the development, stating that regulatory approval has been sought and the listing is anticipated within the month.
He emphasized that the entry of one of Africa’s leading petrochemical companies into the stock market would not only raise market capitalization but also boost investor confidence and strengthen the overall performance of the exchange.
Kwairanga noted that this aligns with President Bola Tinubu’s broader economic plan, which targets a \$1 trillion GDP for Nigeria by 2030. He added that key stock listings, such as Dangote Petrochemicals and the planned partial privatization of NNPC Limited, are central to achieving this target.
Despite these positive developments, he acknowledged that Nigeria’s stock market capitalization remains below 20% of GDP—well behind South Africa, where the Johannesburg Stock Exchange exceeds national GDP levels.
The NGX is also working to increase market access and participation through digital tools like NGX Invest, which simplifies primary market offerings and promotes financial literacy, especially among students and National Youth Service Corps (NYSC) members.
In addition, the exchange is engaging institutional investors such as pension funds and mutual funds and expanding product offerings to include exchange-traded funds (ETFs), derivatives, and ethical investment options to cater to a broader investor base.
Kwairanga also highlighted ongoing initiatives to connect African stock markets, allowing Nigerian investors to trade shares listed in countries like Ghana. This cross-border integration aims to build a more connected and resilient financial ecosystem across the continent.
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Faith Kegh
Content & Editorial Manager - Leads the creation, review, and publication of high-quality news and media content. She ensures that all editorial work reflects the organization’s standards of accuracy, professionalism, and relevance, while also engaging and informing the audience.
As the key driver of TokinPoint Media LTD's editorial voice, the manager oversees content planning, assigns tasks to writers or editors, enforces deadlines, and ensures consistency across all platforms. She also plays a strategic role in aligning content with audience interests and search engine optimization (SEO) best practices.