Miskay Redeems ₦824.2m Commercial Paper, Eyes Ghana Expansion

Miskay Boutique International Limited has successfully redeemed its ₦824.2 million Series 1 Tranche B Commercial Paper at maturity, marking its second successful redemption in 2026 after the Series 1 Tranche A redemption in May. Both issuances were part of Miskay's ₦5.00 billion Commercial Paper Programme.

The repayments follow a capital raise in November 2025, which allowed Miskay to enhance its inventory capacity, operational infrastructure, and overall business positioning for growth. The company has seen significant improvements in customer engagement, with store footfall increasing by over 200% and weekly digital impressions surpassing 5 million.

Miskay has resumed its physical expansion strategy with the launch of a new store in Benin, its first in over four years. The company plans to commence operations in Ghana in Q3 2026, aiming to establish a regional flagship presence and support broader West African growth.