Dangote Cement Plc has rescinded plan to list its shares on the London Stock Exchange (LSE) over market conditions.
The company disclosed this after its board meeting held on Tuesday.
A statement sent to the Nigerian Exchange Limited (NGX) and signed by Company Secretary Edward Imoedemhe said: “This is to inform the Exchange, investing public and all stakeholders that at the meeting of the Board of Directors of Dangote Cement PLC held today, 10 November 2026, the Board resolved that, in light of current market conditions and the company’s strategic priorities, the company announces that it and its selling shareholder, Dangote Industries Limited (DIL) will not proceed with the proposed secondary listing and offering on the London Stock Exchange at this time.
“The company’s ordinary shares remain listed on the NGX, and this decision does not in any way affect the company’s operations or business plans.
“Dangote Cement PLC remains focused on delivering sustainable value to its shareholders and building on its strong market position.”
Dangote had disclosed plans to list the cement business on the London Stock Exchange in May, eight years after an earlier attempt in 2018 failed.
 over market conditions.){kind=link}