NGX Banks on Dangote Fertiliser to Power Market Revival

The Nigerian Exchange Group (NGX Group) is gearing up for what could become the most significant listing on the Nigerian capital market in years: Dangote Fertiliser Limited.

- BY NIYI JACOBS

As stakeholders across the financial spectrum express their readiness, anticipation is mounting that this listing could reshape the fortunes of the Exchange and boost investor confidence in the broader market.

Dangote Fertiliser, part of the Dangote Industries Limited conglomerate, is not just another company preparing to go public. It represents the fusion of industrial capacity and capital market depth, a partnership capable of driving real economic transformation. With a projected daily revenue of $20 million and a long-term earnings potential exceeding $70 billion, the listing is expected to be a game-changer.

But what does this mean for the NGX Group, the Nigerian economy, and investors? This analysis delves into the implications of this landmark event, how NGX is positioning itself, and why stakeholders believe the listing will be catalytic for Nigeria's capital market

A Symbolic and Strategic Listing

The potential listing of Dangote Fertiliser is being touted as more than a financial transaction—it is a powerful symbol of industrial and capital market alignment. NGX Group executives are framing the event as proof of the Exchange's ability to support large-scale, transformative enterprises.

Temi Popoola, Group Managing Director and CEO of NGX Group, underlined this during a recent tour of the Dangote Refinery and Fertiliser complex in Lagos. According to him, “In 2024 alone, Nigerian investors deployed over 2 trillion into the banking sector. With Dangote Fertiliser's listing, we're poised to replicate this success, providing the infrastructure and liquidity to drive industrial growth.”