Dangote is the pride of the Nigeria financial market, says NGX …

● The listing of the fertilizer Dangote will revolutionize the capital market – Dangote

The president of the Nigerian Exchange Group (Ngx) group, Alhaji (Dr.) Umaru Kwairanga, praised the president/CEO, Dangote Group, Aliko Dangote for his substantial contribution to the Nigerian capital market and the development of the private sector.

He noticed it during a courtesy visit to the Petroleum Refinery & Petrochimicals and Dangote Fertilizer Limited Petrochtery from the interested parties of the capital market.

Kwairanga, who asked for the list of the petroleum refinery of streets and fertilizer of the Dans on the NGX, said that it would have represented a natural progression on the journey of the Dangote Group towards transparency, market leadership and the creation of inclusive wealth.

Noting that the Nigerian capitals market is very proud of pennies and its contributions to the economy, he praised the impact of the oil refinery of dangrates on the Nigerian economy, underlining that the various initiatives introduced have provided a relief so necessary to the Nigerians.

Kwairanga recalled the mandate of Dangote as President of the Council of the Nigerian Stock Exchange, describing it as a visionary whose leadership has modeled the panorama of the capital market.

“Through the list of companies such as Cement Plc Dangote, Dangote Sugar Refinery Plc and hides Allied Industries Plc, the group has significantly deepened the liquidity of the market, has increased the trust of investors and the creation of long -term value for shareholders,” he said.

The president stressed that the visit was more than a tour; It was a reaffirmation of the ngx commitment to align investment capital with national development objectives.

The President/ CEO of the Dangote Group, Aliko Dangote, reiterated that the group will soon list the fertilizer Limited Dangote on the Nigerian exchange (NGX), with the aim of revolutionizing the capital market.

He assured the shareholders that those who invest in Feritilizer Limited Dans would not have had to worry about the value of the local currency, since the company operates within a commercial framework in dollars.

“So, what are we aiming to do to create a great revolution in the capital market? The main challenge is that many investors are hesitant, thinking:” If I invest my nail now, when I receive dividends in ten years, the Naira will have lost value “. However, we are entering the market with a business model in dollars”, he explained.

Dangote has also revealed that the company is working on the expansion of its fertilizers to increase revenue, with a payment of target dividends to shareholders greater than $ 3 billion.

“In the next 40 months, our fertilizers should generate $ 20 million per day per day. We are pushing hard. We expect to reach over $ 70 billion in revenue and possibly pay dividends of $ 3-4 billion. Our philosophy is always thinking great,” he said.

He added that the group is also strengthening his concrete activity by investing in new plants and targeting clinker exports to western African countries, which will increase revenues and provide better dividends for shareholders.

By praising the recent progress of the NGX, Dangote stressed that Nigeria needs companies such as Riliance Industries Limited, who once held its annual general meetings in a stadium. These companies observed, would stimulate the economy and encourage the distribution of wealth.

Stressing that Nigeria cannot achieve its objective as an economy of 1 trillion of dollars without a lively bag, Dangote has affirmed his continuous commitment and his support for the NGX, recognizing his crucial role.

The vice -president of Oil & Gas at Dangote Group, Edwin Devakumar, who guided the delegation on a tour of the structures, described the construction of the refinery of 650,000 barrels per day as a monumental result that required immense courage, vision and determination. He observed that the group acted as an engineering, supply and construction (EPC) contractor for refinery, a company never attempted before.

He also stressed that the refinery assured that Nigeria no longer depends on imports to meet its oil needs and now exports refined products in various continents all over the world.

The CEO of NGX, Popoola themes were also present; Central Centro/CEO of Central Secrities Clearing System Plc (CSCS), Haruna Jalo-Waziri; President of the CIS, Oluropo Dada; President of Ashon, Sam Onukwe; CEO of Ngx Regulation, Olufemi Shobanjo; CEO of Lagos Commodity Exchange, Akedolo Ali; and other main parties interested.

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