Business Drive

Dangote Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited. The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speaking at the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday, expressed delight after the listing. Alake, who was represented by the Group’s Chief Finance Officer, Mustapha Ibrahim further noted that the listing of the bond recorded participation from a wide range of investors including domestic pension funds, asset managers and insurance companies and further demonstrates investors’ confidence in Nigeria’s credit reality. The listing is the largest aggregate local currency bond issued in the capital market so far, within the year.