# Dangote Cement Suspends Proposed London Stock Exchange Listing The Nigerian cement giant halts secondary listing plans citing current market conditions and strategic priorities. - **Source:** [Premium Times Nigeria](https://www.premiumtimesng.com) - **Published:** 2026-11-10 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/bcb05ddb-6259-4949-874c-4925591738ee ## Listing Plans Halted Dangote Cement Plc has officially suspended its proposed secondary listing on the London Stock Exchange. The decision was confirmed in a regulatory filing signed by company secretary Edward Imoedemhe following a board of directors meeting held on Tuesday. The company stated that current market conditions necessitated this strategic shift in direction. ## Initial Strategic Intent The company first announced it was in early discussions regarding a potential London listing back in May. By July, management clarified that the United Kingdom was preferred over Dubai due to a faster and more practical listing process. The goal was to broaden access to international capital and global investor pools. ## Operational Continuity Assured Despite the suspension of the London listing, Dangote Cement emphasized that its ordinary shares remain listed on the Nigerian Exchange Group. The company explicitly stated that this decision will not affect its ongoing operations or business plans. Management remains focused on delivering sustainable value to shareholders and maintaining its current market position. ## Market and Financial Context The corporation reported strong financial performance recently, with a 31 percent jump in profit during the first nine months of 2026. Revenue reached 3.8 trillion Naira, largely driven by robust sales of cement and clinker. These figures highlight the company's underlying financial strength despite the decision to pause international expansion. ## Extensive African Footprint Dangote Cement operates with a massive production capacity of 55 million tonnes per annum. The company maintains a significant industrial footprint across 11 African countries, including Ethiopia, Zambia, Tanzania, and Côte d’Ivoire. This regional dominance remains a core pillar of the firm's business model as it navigates its current capital strategy. ## Ownership and Leadership The firm is majority-owned by Aliko Dangote, who is recognized as Africa's richest man. His broader business interests recently included launching the continent's largest-ever initial public offering for his oil refinery in September. This high-profile leadership continues to influence the strategic trajectory and market perception of the entire Dangote group. ## Strategic Pivot Rationale While the specific market conditions cited for the suspension were not detailed, the company is prioritizing its existing strategic goals. By remaining solely on the Nigerian Exchange, the firm avoids the immediate regulatory and reporting complexities associated with a London listing. This allows management to focus on domestic growth and regional operations. ## Future Market Outlook Investors will now watch for how the company leverages its 3.8 trillion Naira revenue to sustain growth without international capital injection. The suspension marks a conservative approach to capital markets during volatile periods. Future listing attempts remain possible if market conditions stabilize and align better with the firm's long-term corporate objectives. ## Sources covering this story - https://www.premiumtimesng.com/business/business-news/924204-dangote-cement-suspends-proposed-london-listing.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._