By Boluwatife Oshadiya | October 26, 2026
Key Points
- Dangote Cement’s reported market value approached ₦18 trillion ahead of its planned November London Stock Exchange listing
- Bloomberg reported that Goldman Sachs and UBS were selected as bookrunners for a proposed secondary share sale targeting about $1 billion
- The company rescheduled its board meeting to October 27 to consider unaudited third-quarter financial statements for the period ended September 30, 2026
Main Story
Dangote Cement Plc’s reported market value approached ₦18 trillion ahead of its planned November listing on the London Stock Exchange (LSE), as investors bought the company’s shares late in the week.
The shares closed at ₦1,111 on Friday, according to the supplied market report, which recorded 163,732 units traded. The report put the value of those transactions at ₦172.713 million and the company’s market value at approximately ₦17.999 trillion.
Trading was volatile during the week. Dangote Cement shares fell from ₦1,066.70 to ₦1,008 earlier in the period before a late-week recovery. After trading at ₦1,010 on Thursday, the stock advanced to ₦1,111 on Friday as buying activity increased, reversing part of its earlier decline.
The report said the share price remained about 10% below its 52-week high of ₦1,189, reached after the company released its second-quarter results. Market participants are looking ahead to the third-quarter results for further indications of the company’s performance.
In a separate development, the company rescheduled its board meeting from October 29 to October 27, 2026. The meeting is to consider various matters, including the unaudited financial statements for the quarter ended September 30, 2026.
Bloomberg reported that Dangote Cement had selected Goldman Sachs Group Inc. and UBS Group AG as bookrunners for the planned London listing. The proposed transaction is expected to raise about $1 billion through a secondary share sale, with existing shareholders planning to sell approximately 10% of the business. Aliko Dangote holds the majority ownership, according to the supplied report.
What’s Being Said
The company’s disclosed board-meeting schedule identifies the unaudited third-quarter financial statements as an item for consideration on October 27.
Bloomberg’s reporting identifies Goldman Sachs and UBS as bookrunners for the proposed London transaction. The supplied material does not include a direct company quotation or an independent analyst’s assessment of the listing’s potential effect on the shares.
What’s Next
- October 27, 2026: Dangote Cement’s rescheduled board meeting is due to consider the unaudited third-quarter financial statements.
- November 2026: The company’s planned London Stock Exchange debut is expected, according to the supplied report; the exact listing date was not provided.
- Investors will monitor the third-quarter results and further official disclosures for details on earnings and the proposed share sale.
The Bottom Line:
The proposed London listing would give Dangote Cement an additional route to international capital markets, while the planned sale of existing shares would allow current shareholders to realise part of their holdings. The third-quarter results and confirmed transaction details will be important to assessing whether the listing supports investor demand and the company’s valuation.
