Dangote Cement Suspends London Stock Exchange Listing, Reveals Reason

Dangote Cement Plc has explained why it has put its proposed debut on the London Stock Exchange, LSE, on hold.

The company’s Secretary, Edward Imoedemhe, made the clarification in a notice on Tuesday, following a board meeting held on Tuesday, November 10, 2026.

According to the company secretary, the decision was prompted by prevailing market conditions.

The company stressed that it had decided not to proceed with the transaction for now.

However, it clarified that the suspension was not permanent, as the proposed listing would be revisited at an undisclosed future date.

It was reported that the proposal to list on the LSE first emerged in May 2026, when Dangote Cement was valued at nearly $13 billion.

However, in July, the company said it preferred London to Dubai because the UK listing process was faster and more practical.

On September 2, it announced a Capital Markets Day for investors in London, scheduled for September 21, as part of preparations for the proposed listing.

This comes as Dangote Cement shares closed at N1,469.90 on Monday, November 9, representing a 9.6 per cent increase from N1,341.