NGX targets listing of Dangote Petrchemical, fertiliser in Q2'25

The Chairman of the NGX Group, Umaru Kwairanga, revealed that the exchange is targeting the listing of Dangote petrochemicals and its fertilizer company in the second quarter of this year. Kwairanga also mentioned that discussions regarding the listing of the Nigerian National Petroleum Company Limited are ongoing. These statements were made during an exclusive interview with CNBC Africa's Kenneth Igbomor at the 64th Annual General Meeting of the NGX Group. During the interview, Kwairanga emphasized the importance of government-owned agencies and oil and gas companies listing either partially or fully on the NGX. This move is seen as a strategic step towards enhancing transparency and attracting more investment opportunities within the Nigerian capital market. The plans to list Dangote petrochemicals and its fertilizer company signify a significant development for the NGX Group. With Dangote Industries Limited being one of the largest industrial conglomerates in Africa, the listing will not only boost the exchange but also attract more institutional and retail investors looking to tap into the potential growth opportunities within the petrochemical and fertilizer sectors. Kwairanga's focus on encouraging government-owned agencies and oil and gas companies to list on the NGX aligns with the exchange's mission to foster a robust and diverse market ecosystem. By bringing more key players from these sectors to the exchange, NGX aims to strengthen market participation, increase liquidity, and improve overall market performance. Furthermore, the progress in talks concerning the listing of the Nigerian National Petroleum Company Limited highlights the exchange's commitment to expanding its offering and providing investors with access to a broader range of investment options. The potential listing of such a prominent entity could have far-reaching implications for the Nigerian capital market and position the NGX as a preferred destination for both local and international investors. In conclusion, Umaru Kwairanga's insights during the interview shed light on the NGX Group's strategic objectives and long-term vision for the capital market. The upcoming listings of Dangote petrochemicals and its fertilizer company, along with the ongoing discussions with the Nigerian National Petroleum Company Limited, signal a new era of growth and opportunities for the exchange and its stakeholders.