• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FMDQ Lists N77.40bn CP In November

by Olushola Bello
2 years ago
in Business
FMDQ
Share on WhatsAppShare on FacebookShare on XTelegram

The total value of Commercial Papers (CPs) quoted on FMDQ Exchange in November 2023 was N77.40 billion.

Advertisement

This represented a month-on-month (MoM) increase of 112.00 per cent from the value of N36.51 billion CPs quoted in October 2023. Quoted CPs were issued by institutions from various sectors including eight Financial Services, four Manufacturing, four Agriculture, four Real Estate, and two Health & Pharmaceuticals firms.

As a result, the total outstanding value for CPs increased MoM by 8.16 per cent from N77.40 billion to N1.026 trillion in November 2023.

Access to capital remains a top priority for corporates, as capital is required to meet short-term debt obligation such as working capital needs, funding expansion aspirations and existing debt obligations. The Commercial Paper market satisfies this requirement by providing competitive and timely access to capital, thereby helping corporates diversify their funding sources.

FMDQ Securities Exchange Limited provides access to capital for corporate Institutions through its efficient and proficient Securities Admission Franchise.

RELATED

The Evolution Of Betting In Nigeria: A Journey Of Growth

How To Bet Smarter In 2025

9 hours ago
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases

Global Oil & Gas Contracts Up By $7bn In Q2

13 hours ago
ADVERTISEMENT

Commercial papers are a popular form of short-term debt security. They are short-term promissory notes, usually unsecured, and a with maturity period of under a year, generally not exceeding 270 days. They are issued by credit worthy companies to meet their short-term obligations. Being short term debt securities, they are regularly traded on the money markets as money market instruments.

In November, Bigoz Logistics Limited raised up to N3.0 billion 164 days Series 2 Tranche C under its N20 billion Commercial Paper Programme to finance its working capital requirements, as well as the execution of other business development initiatives.

MTN Nigeria Communications Plc raised Series 10 Commercial Paper offer of up to N72.104 billion under its N250 billion Commercial Paper Programme. The proceeds from the Offer will be used to support MTN Nigeria’s working capital and general corporate purposes.

ADVERTISEMENT

Skymark Partners Limited also raised up to N5 billion Series 17, 18 and 19 Commercial Paper (CP) Issuances, under its N10 billion CP Programme.        Analysts attributed the issuance of short-term corporate debt to low cost of finance and short maturity period.

The vice president, Highcap securities Limited, Mr. David Adnori attributed the surge to the low yield environment in the treasury bills market, which enabled companies to access the market to raise funds through commercial papers.

He said, with lending rates soaring at an unprecedented level, companies in the country have been exploring creative ways to mobilise funds at affordable rates.

Managing director, FMDQ Exchange, Tumi Sekoni said that FMDQ Exchange’s quotation service has been tailored to provide, amongst others, a unique opportunity for Issuers to raise finance thereby meeting their short-term funding needs even as the Nigerian debt markets becomes aligned with international best practices and standards.

She highlighted that FMDQ Exchange will remain dedicated to advancing the growth of the Nigerian debt markets by leading and supporting market-driven initiatives and maintaining its position as the preferred platform for registration, listing, quotation, trading, and reporting of financial securities.

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: FMDQ
SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

Investments: NIPC Urges Media To Promote Nigeria Positively

Next Post

Dangote, Rabiu, Adenuga Lose $9.3bn In 2023 – Forbes

Olushola Bello

Olushola Bello

You May Like

The Evolution Of Betting In Nigeria: A Journey Of Growth
Business

How To Bet Smarter In 2025

2025/08/26
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases
Business

Global Oil & Gas Contracts Up By $7bn In Q2

2025/08/26
Fadaella Foods To Capture Nigerian Market With New Products
Business

Fadaella Foods To Capture Nigerian Market With New Products

2025/08/26
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
Business

Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

2025/08/26
FG, Imo, NDPHC Seek Speedy Completion Of Egbema Power Plant
Business

Kano Manufacturers Engage NDPHC On Direct Power Supply

2025/08/26
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

New Law Offers N2m Medical Compensation For Uninsured Accident Victims

2025/08/26
Leadership Conference advertisement

LATEST

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

Tinubu Celebrates Senator Ekpenyong At 40

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

Court Orders Banks To Produce Activist Sowore’s Account Transactions

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

C’Wealth Weightlifting: Omolola Wins Team Nigeria’s First Gold In India

JUST-IN: NRC Suspends Abuja-Kaduna Train Services After Derailment

Fire Razes 5 House In Cross River Community

Bode George Hails PDP Zoning, Says Party Ended ‘Existential Imbecility’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.