Dangote Group will soon list Dangote Fertiliser Limited on the Nigerian Exchange, President and Chief Executive Aliko Dangote announced during a visit by capital market stakeholders to the company’s facilities.
The listing aims to “revolutionise the capital market” by addressing investor concerns about the naira losing value through a dollar-based business system, Dangote said in a press release seen by BusinessDay.
“The main challenge is that many investors are hesitant, thinking, ‘If I invest my naira now, by the time I receive dividends in ten years, the naira will have lost value,’” Dangote explained. “However, we are entering the market with a dollarised business model.”
