Regulatory Body Approves Dangote Petrochemicals’ Listing Plans

In a major move poised to reshape Nigeria’s capital market, Dangote Petrochemicals, a subsidiary of the sprawling Dangote Refinery and Petrochemicals group, has secured regulatory approval to list its shares on the Nigerian Exchange (NGX). The listing, expected before the end of June 2025, will allow public investors to trade in one of Africa’s largest petrochemical firms.

This strategic step, announced by Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group (NGX Group), is seen as a landmark development aimed at deepening the capital market and attracting long-term investments.

“Dangote Refinery has already applied for their petrochemical listing, and we are working to ensure their inclusion before the end of the second quarter,” said Dr. Kwairanga during a media briefing in Lagos.



According to Kwairanga, the listing of Dangote Petrochemicals is not just a corporate milestone but also a significant policy alignment with President Bola Ahmed Tinubu’s economic vision of expanding Nigeria’s Gross Domestic Product (GDP) to $1 trillion by 2030. The move is anticipated to attract foreign capital, increase market liquidity, and boost the overall confidence of domestic and global investors.

Industry analysts note that the entry of Dangote Petrochemicals into the NGX will considerably expand the exchange’s market capitalization, enhance sectoral diversity, and reflect more of Nigeria’s industrial base in public investment portfolios.



The listing is part of a broader agenda that includes future stake sales in state-owned NNPC Limited, as the federal government and the NGX intensify efforts to energize private capital inflows through strategic oil and gas sector assets.

By tapping into the public equity market, Dangote Petrochemicals is expected to enhance its corporate governance, transparency, and stakeholder accountability—key factors for attracting institutional investors and long-term funds.



Kwairanga also emphasized NGX’s ongoing efforts to modernize Nigeria’s financial ecosystem. These include the launch of NGX Invest, a digital platform aimed at simplifying access to primary market offers and promoting financial literacy, particularly among youths and National Youth Service Corps (NYSC) members.

“Market participation must be inclusive if we are to reflect Nigeria’s true economic potential,” he said, highlighting that Nigeria’s current market capitalization-to-GDP ratio remains below 20%, in contrast to South Africa’s Johannesburg Stock Exchange, which surpasses its national GDP.

To address this gap, the NGX is actively engaging pension fund administrators, mutual funds, and retail investors, while also developing diversified financial instruments such as Exchange-Traded Funds (ETFs), derivatives, and ethical investment options to appeal to a wider investor base.


Further strengthening its regional leadership, the NGX is also working on cross-border linkages with other African stock exchanges, including Ghana. This integration aims to allow Nigerian investors to trade shares across multiple African markets, thereby enhancing liquidity and fostering economic cohesion across the continent.



The impending listing comes amid broader economic reforms and signals renewed investor optimism in Nigeria’s industrial and manufacturing sectors. With the refinery’s operations already drawing global attention, the separate listing of its petrochemical arm will allow for more focused valuation and resource allocation by investors.

The Dangote Group’s foray into the petrochemical industry underscores its commitment to reducing Nigeria’s dependency on imports, creating local jobs, and boosting foreign exchange earnings through exports. Market watchers believe that this listing will also serve as a benchmark for other large-scale industrial enterprises considering public flotation.



As anticipation builds around the listing of Dangote Petrochemicals, stakeholders across Nigeria’s financial sector view it as a pivotal development that could catalyze a new era of industrial market participation and infrastructure-driven economic growth.

For everyday investors and institutional players alike, the listing presents a rare opportunity to be part of a high-impact, value-creating enterprise at the heart of Nigeria’s industrial renaissance.