Nigerian Exchange in talks with firms for listings after Dangote IPO

Bloomberg · 4 hours ago
Nigerian Exchange in talks with firms for listings after Dangote IPO
  • Nigerian Exchange Group CEO Temi Popoola says the exchange is in talks with several companies about listing and expects some listings from next year.
  • Popoola links the expected listing interest to the record Dangote Petroleum Refinery and Petrochemicals FZE share sale, which he describes as a $50 billion market-cap company changing the capital-raising narrative in Nigeria.
  • The story is an interview-based management outlook. The source does not provide a dated listing approval, filing, or price reaction.

Quotes

“With the private discussions that we are having, I will say that there is every reason to be optimistic that we will at least see some good listings”— Temi Popoola
“here is a $50 billion market-cap company”— Temi Popoola

Sources