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Exchanges: Dangote aims for a double listing in London and Lagos by the end of 2024

29/05/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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A Dangote Refinery executive, Reuters Devakumar Edwin, said on Tuesday that the Nigerian Dangote Refinery is aiming for a double listing on the London and Lagos stock exchanges by the end of the year.

Reuters Devakumar Edwin reported that all of Dangote's activities are listed. The refinery, the largest in Africa, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the richest man on the continent, Aliko Dangote, and was completed after several years of delay. It can refine up to 650,000 barrels per day and will be the largest in Africa and Europe when it reaches full capacity this year or next year. Dangote has interests in the cement, flour and sugar sectors, all listed on the

Nigerian stock exchange.
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