NGX praises Dangote’s impact on the economy.

The Group Chairman of Nigerian Exchange Group, Dr. Umaru Kwairanga, has commended the President/Chief Executive of Dangote Group, Aliko Dangote, for his contributions to both the Nigerian capital market and the broader private sector.

Kwairanga delivered his remarks during a courtesy visit by capital market stakeholders on Thursday to the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited, Lagos.

He called for the listing of Dangote Petroleum Refinery and Dangote Fertiliser on the Nigerian Exchange.

He declared that such a move would be a crucial and inevitable progression in the Dangote Group’s relentless pursuit of transparency, its unwavering market leadership, and its commitment to fostering inclusive wealth creation across the nation.

Noting that the Nigerian capital market takes great pride in Dangote and his contributions to the economy, he commended the impact of the Dangote Petroleum Refinery on the Nigerian economy, stressing that the various initiatives introduced have provided much-needed relief to Nigerians.

Kwairanga recalled Dangote’s tenure as President of the Council of the Nigerian Stock Exchange, describing him as a visionary whose leadership shaped the capital market landscape.

“Through the listing of companies such as Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc, the Group has significantly deepened market liquidity, boosted investor confidence, and driven long-term value creation for shareholders,” he stated.
Dangote Group’s President/CEO Aliko Dangote has confirmed plans to list Dangote Fertiliser Limited on the Nigerian Exchange to revolutionize the capital market. Dangote assures shareholders that the company operates within a dollarised business framework, avoiding concerns about local currency value. The company is expanding its fertiliser plants and aiming for a target dividend payment of over $3bn.

Source: punchng.com

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