• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Dangote Petrochemicals Listing To Boost Nigeria’s Stock Market’

by Olushola Bello
3 weeks ago
in Business
dangote
Share on WhatsAppShare on FacebookShare on XTelegram

Chairman of Nigerian Exchange (NGX) Group, Dr. Umaru Kwairanga, has stated that the upcoming listing of Dangote Petrochemicals on the Nigerian Exchange (NGX) will strengthen the country’s stock market.

Advertisement

The listing is anticipated to attract investment, increase market capitalisation, and enhance the overall performance of the NGX. By bringing one of Africa’s largest petrochemical companies to the stock market, the listing is poised to boost investor confidence and drive growth in the Nigerian capital market.

Kwairanga, emphasised that the anticipated listing aligns with President Bola Tinubu’s economic agenda, which aims to expand Nigeria’s Gross Domestic Product (GDP) to $1 trillion by 2030.

According to Kwairanga, key listings in the oil and gas sector, such as the planned sale of a stake in NNPC Limited and Dangote Petrochemicals, will play a vital role in achieving this goal.

Speaking on the impact of Dangote Petrochemicals’ listing, Kwairanga highlighted NGX’s commitment to facilitating growth and investment in Nigeria’s financial markets.

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

1 hour ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

5 hours ago

“Dangote Refinery has already applied for their petrochemical listing, and we are working to ensure their inclusion before the end of the second quarter,” Kwairanga stated.

Recognising the strategic importance of a robust capital market, he stressed that enhanced market participation can drive long-term infrastructure development, improve business formalisation, and reflect Nigeria’s true economic potential.

However, he noted with concern that Nigeria’s stock market capitalisation remains below 20 per cent of its GDP, whereas South Africa’s Johannesburg Stock Exchange exceeds its national GDP.

Kwairanga further stressed the role of digital innovation in increasing market participation, citing the launch of NGX Invest, a digital platform designed to simplify primary market offers and expand financial literacy, particularly among students, youths, and members of the National Youth Service Corps (NYSC).

He added that NGX is actively engaging institutional investors such as pension fund administrators and mutual funds, while also developing advanced financial products including exchange-traded funds (ETFs) for diversified investment, derivatives to enhance market sophistication, and ethical investment instruments, catering to specific investor preferences.

Kwairanga highlighted ongoing efforts to integrate African capital markets, enabling investors in Nigeria to trade shares listed on stock exchanges in other African countries such as Ghana, saying that this cross-border linkage aims to create a more connected, robust financial ecosystem across the continent.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Dangote RefineryNigerian Exchange (NGX)
SendShareTweetShare
Previous Post

NLNG Launches Human Capital Devt Programme Under Train 7 Project

Next Post

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

Olushola Bello

Olushola Bello

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

Jigawa Earmarks N80m For Family Planning Services

APC Stakeholders Seek Power Shift To Kajuru

Hijrah Organisation Decries Prevalence Of Drug Abuse In Kwara

Commander Warns Officers, Soldiers Against Cannabis Use

Kwara North APC Guber Aspirants Chart Common Front For 2027

Friends, Associates Celebrate Gbenga Hashim @ 56

Gov Mutfwang Hails Anaba On NGE Election

Etsu Nupe Urges Agricultural Revolution, Youth Involvement

JESD Launches Prime Investment Opportunity In FCT, Promises High ROI 

Oyo Govt To Enforce Policy On Commercial Motorcyclists

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.