Dr Umaru Kwairanga, Chairman of Nigerian Exchange Group, has called on the Dangote Group to consider listing its refinery and fertilizer businesses on the Nigerian Exchange.
Kwairanga said this was to enhance transparency, deepen market participation, and promote inclusive economic growth.
Kwairanga made the call during a courtesy visit to the Dangote Refinery on Wednesday, where he led a delegation of capital market stakeholders on a facility tour of the 650,000 barrels-per-day refinery in Ibeju-Lekki, Lagos.
The NGX Chairman, in a statement, said that the listing of those companies would enhance transparency, deepen market participation, and promote inclusive economic growth.
“As we celebrate the remarkable success of this project and other initiatives within the Dangote Group, we look forward with great anticipation to the potential listing of both Dangote Refinery and Dangote Fertilizer on NGX.
“Such listings would mark a natural next step in the Group’s journey of transparency, market leadership, and inclusive wealth creation.
“They would also provide investors with additional opportunities to participate in national assets that generate lasting economic value,” he said.
The NGX Chairman hailed the Dangote Refinery as a monumental symbol of Nigerian resilience and industrial capability.
He noted that its impact would be far-reaching in enhancing energy security, conserving foreign exchange, creating jobs, and transforming Nigeria into a net exporter of refined petroleum products.
He commended Alhaji Aliko Dangote, President of the Dangote Group, for his enduring contributions to the Nigerian capital market and private sector development.
Kwairanga recalled Dangote’s tenure as President of the Council of the Nigerian Stock Exchange, describing him as a visionary whose leadership helped shape the capital market landscape.
“Through the listing of companies like Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc, the Group has significantly deepened market liquidity, enhanced investor confidence, and driven long-term value creation for shareholders,” he said.
Kwairanga emphasised the role of the private sector in driving innovation and industrial transformation.
The chairman noted that the visit was more than a tour but a reaffirmation of the NGX’s commitment to connecting investment capital with national development goals.
He pledged NGX Group’s continued support in creating platforms that mobilise capital, power innovation, and deliver sustainable impact, while working with issuers, regulators, and market participants to build a deep, vibrant, and competitive market.
The NGX delegation was received by senior executives of the Dangote Group, who conducted the team around the refinery and shared insights into its ongoing operations.