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Tuesday, September 29, 2026
Home BusinessNigerian businessman Dangote says he aims to list fertiliser company next year

Nigerian businessman Dangote says he aims to list fertiliser company next year

by Ainam
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President/Chief Executive Officer, Dangote Group, Aliko Dangote, delivers an opening speech at the opening day of Dangote Refinery’s initial public offering (IPO) at the Nigerian Exchange Group (NGX Group) in Marina, Lagos, Nigeria, September 14, 2026. REUTERS

NAIROBI, Sept 29 (Reuters) – Nigerian businessman ​Aliko Dangote said on ‌Tuesday he hopes to list his group’s fertiliser company Dangote ​Fertiliser Ltd sometime next ​year.

“Sometime next year we hope ⁠to list it. Let it ​be owned by the ​people,” Dangote told an investors meeting at the Nairobi Securities Exchange.

The fertiliser ​company aims to build ​six production lines with delivery expected ‌between ⁠late 2028 and early 2029, with a target of 12 million metric tons annually, ​he ​said.

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Dangote ⁠was speaking ahead of a groundbreaking ceremony in ​Kenya’s Lamu for ​a ⁠planned 700,000-barrel-per-day oil refinery.

He said the group had also opened ⁠a ​new shipping ​unit.

Adds details, context in paragraphs 3-4

Reporting by George Obulutsa and Vincent Mumo ​Nzilani; Editing by Jan Harvey

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