Dangote Cement announces London investment meeting before LSE listing

Dangote Cement Plc will meet with investors and other market players in London next month. This meeting aims to update foreign investors about the company's key goals and plans ahead of its secondary listing in the city.

The largest cement maker in Sub-Saharan Africa told the Nigerian Exchange about this meeting on Wednesday. The company said its shareholders agreed to hold a "Capital Markets Day (CMD) in London on 21 September 2026."

The CMD will give investors and other supporters a chance to learn about the company’s strategy, operations, and business goals. It will also be a chance to speak directly with the company’s senior management.

This move is part of Dangote Cement’s plan to get quicker access to international funds and foreign investors. A listing in London offers more opportunities than a local listing in Lagos.

The company hopes for a larger group of shareholders. A listing on the respected London Stock Exchange (LSE) can help with this and strengthen its position as a leading company in Africa.

Dangote Cement shared these goals when it first announced the decision in May.

Nigeria's New Market Status

The capital markets day on 21 September will get a boost from FTSE Russell's decision to upgrade Nigeria from “unclassified” to a frontier market. This change will take effect on the same day.

Nigeria lost its frontier market status in 2023 due to a long-lasting foreign exchange crisis. This crisis began after the global oil price crash during the pandemic in 2020. The Central Bank of Nigeria had to limit dollar availability to protect its low reserves.

This dollar shortage made many foreign investors look for safer options. Existing foreign portfolio investors found their investments stuck due to the situation.

Foreign involvement in Nigeria’s equity market has not returned to pre-pandemic levels. Data from the Nigerian Exchange shows that foreign participation in equity trading was 5.6 percent in July. Domestic investors made up the rest.

In comparison, in September 2019, just before COVID-19 hit, foreign trading in equities was as high as 66.8 percent.

The improved visibility for foreign investors from the FTSE Russell upgrade could bring large investments into Dangote Cement’s shares, both in Nigeria and on the LSE.

If everything goes as planned, the company will be listed under the international commercial companies secondary listing framework, as it mentioned in May.

Dangote Cement said it will share the agenda and presentation materials for the London event in September when the time is right.