NGX Chairman urges closer synergy between capital market, industries at Dangote Refinery tour
Nike Popoola
The Nigerian Exchange Group (NGX Group) has commended the Dangote Refinery as a landmark achievement and a powerful testament to Nigeria’s industrial capacity and private sector resilience.
During a courtesy visit to the refinery today, the Group Chairman of NGX Group, Alhaji (Dr.) Umaru Kwairanga, praised the facility as a transformative project that exemplifies the nation’s economic potential and the critical role of the capital market in driving development.
Speaking at the event, which took place at the Dangote Refinery in Lekki, Alhaji Kwairanga described the 650,000-barrel-per-day refinery—the largest single-train facility in the world—as a symbol of national pride.
He highlighted its potential to boost energy security, create employment, conserve foreign exchange, and reposition Nigeria as a net exporter of refined petroleum products.
“This visit reflects NGX Group’s continued commitment to fostering deeper engagement between the capital market and the key drivers of Nigeria’s industrial and economic transformation,” said Kwairanga. “The Dangote Refinery stands as a monumental achievement and a symbol of Nigerian enterprise, resilience, and ambition.”
The NGX Chairman also paid glowing tribute to Alhaji Aliko Dangote, for his enduring contributions to the capital market, noting his previous role as President of the Council of the Nigerian Stock Exchange and his Group’s listing of three major companies—Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc—on NGX.
He expressed optimism that the eventual listing of Dangote Refinery and Dangote Fertilizer on the Exchange would further enhance market liquidity, provide new investment opportunities, and support inclusive wealth creation.
“We look forward with great anticipation to the potential listing of both Dangote Refinery and Dangote Fertilizer on NGX,” Kwairanga added. “Such listings would mark a natural next step in the Group’s journey of transparency, market leadership, and national value creation.”
The NGX Group reaffirmed its dedication to mobilising capital for transformative projects and building a vibrant, globally competitive market ecosystem.
