The decision, announced on Tuesday, November 10, 2026, follows several months of preparations for the international listing, which was expected to give the cement manufacturer access to a broader pool of international investors and raise approximately $1 billion.
In a notice filed with the Nigerian Exchange Limited (NGX), the company said its board and selling shareholder, Dangote Industries Limited (DIL), had decided not to proceed with the proposed transaction at this time.
Dangote Cement said its ordinary shares would remain listed on the Nigerian Exchange and clarified that the decision would not affect its existing operations or business plans.
The company did not disclose the specific market conditions behind the suspension or provide a new timeline for reconsidering the London listing.
However, its decision to describe the suspension as applying “at this time” suggests that the proposed international offering has been put on hold rather than permanently abandoned.
Dangote Cement’s London listing plans.
The company’s plans emerged in May 2026, when it indicated its intention to list the business, then valued at nearly $13 billion, on the London Stock Exchange within the year.
In July, shareholders authorised the board at the company’s annual general meeting to pursue a secondary listing on the LSE or another recognised international exchange, subject to regulatory approvals.
The company subsequently explained its preference for London over Dubai, citing a faster and more practical listing process in the United Kingdom.
On September 2, Dangote Cement announced plans to host a Capital Markets Day in London on September 21 as part of its preparations for the proposed offering.
The latest suspension follows earlier delays in Dangote Cement’s international listing ambitions. In October 2020, Aliko Dangote reportedly delayed plans for a London listing while considering alternatives, including expanding exports and strengthening the company’s foreign exchange position.
