Is there a risk that bringing Dangote Petrochemicals onto the Nigerian Exchange (NGX) could make the market too concentrated in the oil and gas sector, instead of encouraging diversity?

Updated June 10, 2025 • 1-min read

Posted by Anonymous

Jun 9, 2025

1 answer

petrochemicalsdangotengxoilgaslisting

1 Answer

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Posted by Anonymous - Jun 9, 2025

Yeah, I totally get why people are starting to ask this! Whenever a massive company like Dangote Petrochemicals joins the NGX, it makes oil and gas seem even more dominant. I mean, watching Nigeria's market, it already feels like oil runs everything, so sometimes I worry that adding another giant could scare off companies from other industries.

From what I've read, the NGX chairman says it’s part of their plan to grow market value and bring in investment, which is awesome. But I have friends who say it could make investors ignore stuff like tech, health, or agriculture because all the attention—and cash—will just flood into the new Dangote shares. If the NGX wants Nigeria’s economy to really grow, it'd be smart to balance things out and push for big names in other industries too, not just more oil and gas. I hope this listing doesn't crowd out the little guys with cool ideas in different fields!

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