The Digest:
Aliko Dangote has announced that his refinery will pay dividends in U.S. dollars once listed on the Nigerian Exchange. The move is part of a broader vision to grow Dangote Group into a $100 billion enterprise by 2030.
Key Points :
- Aliko Dangote announced dollar-denominated dividend plans for Dangote Refinery when listed
- The group aims to achieve $100 billion in annual revenue by 2030
- Dangote is working with NGX and SEC to enable forex dividend payments
- The conglomerate targets over $200 billion market capitalization post-listing
- Dollar dividends will be funded internally, not sourced from CBN reserves
- Ongoing projects, including fertiliser operations, to generate $6.4 billion in forex inflows
- Vision 2030 aims to position Dangote Group among the world’s top 100 companies
In a currency-sensitive economy, dollar dividends represent more than shareholder value; they signal a transformative confidence in local capital markets and industrial ambition.
Sources: The Cable, Premium Times, Nairametrics
