Dangote’s London listing tests the ‘Nigeria discount’

    Chioma Nwangwu | Top Stories | May 15, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
5469
times

Dangote Cement’s planned London listing is more than a fundraising move; it is a test of whether Nigerian companies are systematically undervalued because of FX volatility, governance concerns, and frontier-market risk perceptions.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Security
Nigeria’s N17trn security gamble fails to deliver safety
For years, Nigeria has responded to rising insecurity with the same prescription: spend more money.
Obidike Okafor | Jul 17, 2026
Economy
Nigeria’s 15.91% inflation cements case for a CBN rate hold
Nigeria's inflation story is no longer about whether prices are rising or falling.
Oluwatobi Ojabello & Chinwe Michael | Jul 16, 2026
Economy
Nigeria's inflation to hold near 15.9% on stable naira
BusinessDay's Inflation Nowcast estimates headline inflation at 15.9 percent in June, with a likely range of 15.7 to 16.1 percent, ahead of the National Bureau of Statistics' official release on July 15.
Oluwatobi Ojabello | Jul 15, 2026
Energy
FG's fragile naira-for-crude deal forces Dangote to sell fuel in dollars
The federal government's signature naira-for-crude arrangement is showing signs of strain as Dangote Petroleum Refinery has stopped selling petrol, diesel and jet fuel for naira, moving all product sales to dollars in a pricing decision that threatens to
Oladehinde Oladipo & Feyishola Jaiyesimi | Jul 14, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad