The Dangote Group is set to reshape Nigeria’s capital markets with plans to list two of its industrial powerhouses; Dangote Fertiliser in 2025, followed by the much-anticipated Dangote Refinery in 2026.
Speaking on the company’s strategic direction, group representatives confirmed that preparations are underway to take the fertiliser arm public by the end of this year, marking a significant step in unlocking value for investors and enhancing transparency in the group’s rapidly expanding industrial portfolio.
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The Dangote Fertiliser Plant, located in Lagos, is one of the largest in Africa, producing over 3 million tonnes of urea annually. Its listing is expected to draw interest from both domestic and international institutional investors seeking exposure to Nigeria’s agribusiness transformation.
Meanwhile, the listing of the $20 billion Dangote Refinery, the largest single-train refinery in the world, is now projected for 2026. With production gradually scaling up, the refinery is poised to alter the dynamics of petroleum supply across West Africa, significantly reducing Nigeria’s dependence on fuel imports.
Analysts expect both listings to inject renewed confidence into Nigeria’s equity markets and deepen sectoral representation in heavy industry and energy.
