Dangote Lauds NGX Group Leadership for Transforming Nigeria’s Bourse
President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has commended the leadership of Nigerian Exchange Group (NGX Group) for transforming Nigeria’s capital market. He spoke at the
Dangote Industries Limited President Aliko Dangote praised the leadership of the Nigerian Exchange Group (NGX Group) for transforming Nigeria's capital market. At the IPO presentation of Dangote Petroleum Refinery and Petrochemicals FZE, Dangote highlighted the advancements made under the guidance of NGX Group Chairman Alhaji Umaru Kwairanga and Group Managing Director and CEO Temi Popoola.
Dangote thanked the Exchange, crediting Kwairanga for his support and Popoola for being an exceptional leader. He stated that he never expected the Exchange to reach this level by 2026. The Dangote Refinery IPO aims to connect a major Nigerian enterprise with domestic and international capital, making share ownership more accessible.
Marketed as an 'IPO for the People,' the offer of 4.1 billion ordinary shares at N525 per share will close on October 13, 2026, expected to raise approximately N2.15 trillion. Temi Popoola emphasized the significance of the IPO as a market where more Nigerians can participate in the value generated by the country's most important businesses.
Through increased infrastructure and connectivity, NGX Group supports broader investor participation.
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