Nigerian cement producer Dangote Cement has suspended plans for a secondary listing on the London Stock Exchange, just months after reviving the proposal.

The company and its majority shareholder, Dangote Industries Limited, jointly decided to put the project on hold, citing current market conditions and strategic priorities.

The proposed listing, announced in May 2026, was intended to give the company greater access to international investors and broaden its shareholder base.

However, the company has not provided a new timeline for the operation. The decision does not affect its existing listing on the Nigerian Exchange, where its shares will continue to trade.

The suspension comes amid volatility in global financial markets, which has affected companies seeking to raise capital or attract international investors.

Dangote Cement remains one of Africa's largest cement producers, with operations across several African markets. Its decision to halt the London listing marks a shift in its international capital markets strategy, although the company has not ruled out revisiting the proposal in the future.