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Jennete Ugo Anya
- April 13, 2025
Sujimoto Launches N5bn Commercial Paper At 25.06% To Fund Real Estate Expansion
Luxury real estate developer, Sujimoto Holdings Limited, has opened its naira series 1 Commercial Paper for subscription, seeking to raise up to N5 billion at a discount rate of 25.06 percent, according to Cowry Asset Management Limited. The offer is part of Sujimoto’s N20 billion Commercial Paper Programme. With a tenor of 270 days, the […]
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- March 5, 2025
Smart Residences Gets ₦2.5bn In Series II Commercial Paper
Smart Residences Limited (SRL), a leading Nigerian hospitality firm, has successfully redeemed its Series I commercial paper while securing full subscription for its Series II issuance, raising ₦2.5 billion from investors. The Series I commercial paper, issued on April 24, 2024, was fully redeemed on January 16, 2025, reaffirming SRL’s commitment to meeting its financial […]
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- January 27, 2025
Analysts Warn PenCom’s New Rules On CPs Could Stifle MSMEs
The National Pension Commission (PenCom) has introduced new requirements for Pension Fund Administrators (PFAs) investing in commercial papers (CPs), a move analysts warn could marginalise small businesses already grappling with limited access to affordable financing. PenCom, in a recent statement, explained that the new regulations aim to strengthen risk management in the investment of pension […]
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- January 16, 2025
Zeenab Foods Launches Series 3 Commercial Paper Notes
Zeenab Foods Limited (ZFL) has unveiled its Series 3 Commercial Paper Notes, offering investors the opportunity to participate in a dual-tranche issuance aimed at raising up to N10 billion. This marks a significant milestone in the company’s broader N20 billion Commercial Paper Programme. The Series 3 issuance is divided into Tranche A and Tranche B, […]
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- January 3, 2025
FMDQ Exchange Halts Commercial Paper Admissions Following New SEC Guidelines
FMDQ Exchange has announced the temporary suspension of security admission services in Nigeria’s commercial paper (CP) market in response to the latest regulatory framework introduced by the Securities and Exchange Commission (SEC). In a market notice issued on January 2, 2025, FMDQ disclosed that the suspension, effective from December 30, 2024, will remain in place […]
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