• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 7, 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

Zeenab Foods Signs N20bn Commercial Paper Issuance Programme

by Leadership News
1 year ago
in Business
Zeenab Foods
Share on WhatsAppShare on FacebookShare on XTelegram

Zeenab Foods Limited, a leading food processing and agro-commodity trading company in Nigeria, has successfully signed a N20billion Commercial Paper (CP) Issuance Programme on the FMDQ Securities Exchange Limited.

Advertisement

The Board Listings and Markets Committee of the Financial Market Dealers Quotation (FMDQ) Securities Exchange approved the CP Programme.

The signing ceremony occurred on July 2, 2024, at the company’s corporate head office at Idu Industrial Area, Federal Capital Territory (FCT) Abuja.

The event was attended by key stakeholders, including Pathway Advisors Limited (Financial Adviser and Transaction Sponsor), Polaris Bank Limited (Collecting and Paying Agent), Greychapel Legal (Transaction Solicitor), and ATC Professional Services (Auditor to the Issuer).

According to the MD/CEO of Zeenab Foods Limited, Dr Victor O. Ayemere, the Commercial Paper program will position Zeenab Foods to navigate the financial landscape of the agro-commodities sector, ultimately leading to enhanced growth opportunities and sustainable success in the market.

RELATED

Nigeria’s Capital Import Nosedives, Drops 51% In Q4

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

20 hours ago
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

20 hours ago

“It will also aid in meeting the company’s short-term capital and funding needs, ultimately allowing for a broader range of funding options and creating additional value for stakeholders. The proceeds from the CP issuance will be specifically used to purchase rice paddy and enhance value addition to other agro-commodities before export,” Ayemere said.

He expressed gratitude to Pathway Advisors Limited, the Financial Adviser and Transaction Sponsor, for their efforts in ensuring the successful approval of the CP Programme.

Speaking at the signing ceremony, CEO of Pathway Advisors Limited, Mr. Adekunle Alade, said: “Pathway Advisors Limited is pleased to have advised Zeenab Foods Limited on the establishment of its inaugural N20 billion CP issuance programme, which will enable the Company to access competitively priced short-term funding from institutional investors.

“It will also provide a platform for the company to diversify sources of debt funding to include non-bank investors, thereby increasing resources available for strategic planning while also reducing the average cost of borrowing.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Zeenab Foods
SendShareTweetShare
Previous Post

Military Hands Over Rescued 277 Boko Haram Captives To Borno Gov’t

Next Post

At Meeting With Labour Leaders, Tinubu Calls For Realistic Minimum Wage

Leadership News

Leadership News

You May Like

Nigeria’s Capital Import Nosedives, Drops 51% In Q4
Business

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

2025/08/06
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills
Business

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

2025/08/06
Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt
Business

FG Pledges To Strengthen Trade Ties With US

2025/08/06
Equities Market Rebounds By N95bn Gain
Business

Equities Market Extends Winning Streak, Gains N458bn

2025/08/06
Non-Resident Registration Pushes BVN Enrollments to 66.2m In July
Business

Non-Resident Registration Pushes BVN Enrollments to 66.2m In July

2025/08/06
First Holdco to Sell RC Investment Stake
Business

First Holdco to Sell RC Investment Stake

2025/08/06
Leadership Conference advertisement

LATEST

Family In Crucial Meetings To Bring Doyin Abiola’s Corpse From China

JUST-IN: Police Detain Sowore Over Alleged Criminal Defamation

JUST- IN: WAEC Shuts Down Result Checking Portal Due To Technical Problems

Tinubu Condoles President Mahama Over Ghana Air Tragedy

‘Many Abandoned Abuja Estates Owned By Corrupt Civil Servants’, Says EFCC Chair

Doyin Abiola Led Me Up Media Corporate Ladder — Alake

JUST-IN: Fuji Star, KWAM 1, Faces Probe For ‘Pouring Alcohol’ On Aviation Workers At Abuja Airport

Doyin Abiola: NPAN, NGE Mourn, Laud Legacy Of Trailblazer In Journalism

Corps Members To Enjoy Credit Support As NYSC Partners CreditCorp On Credit Card Initiative

NDLEA, India’s NCB Synergise Against Illicit Tramadol, Other Shipments To Nigeria

© 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.