5 Listed Firms Raise N108bn Commercial Paper To Boost Working Capital

5 Listed Firms Raise N108bn Commercial Paper To Boost Working Capital

Five Nigerian companies have successfully raised N108 billion through commercial paper issuances to bolster their working capital. This move is part of a broader trend of companies leveraging short-term debt instruments to meet their liquidity needs and drive business growth. FCMB’s recent commercial paper issuance, valued at N70 billion, was oversubscribed, reflecting investors’ confidence in the bank’s financial stability and growth prospects.…

NGX Boss Identifies Capital Market as Key to Economic Growth - Voice of Nigeria Broadcasting Service

Nigeria needs bold innovation, strategic partnerships, as well as a robust capital market capable of mobilising domestic and international capital at unprecedented scale to get the required scale of transformation. This has become imperative as traditional approaches alone will not deliver the scale of transformation Nigeria needs, especially as economies navigate an increasingly complex global economic environment. These were the positions held…