Dangote Cement selects London for secondary listing over Dubai

Dangote Cement Plc has chosen London over Dubai for a secondary stock market listing. The Nigerian cement company said the London Stock Exchange offers faster share trading, which makes it a more practical choice. A secondary listing lets a company sell shares in an extra market, outside its home country. Dangote Cement is already listed in Nigeria. The move will help the company raise more money and reach more investors. Company leaders looked at both London and Dubai before making their decision. They decided that the UK market's speed and liquidity better matched their goals. Dubai was considered but was not seen as the right fit. The company has not announced an exact date for the London listing.