Nairagram Raises ₦10bn to Enhance African Financial Connectivity

Nairagram, a pan-African payment financial infrastructure company, has completed a ₦10 billion capital raise through a fully subscribed commercial paper issuance within 48 hours. The issuance received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26, 2026, with market preparations concluding on February 3, 2026, and the official launch on February 4, 2026.

The entire offer was fully subscribed by February 5, 2026, highlighting strong investor confidence in Nairagram's growth trajectory. The funds will support operations across 37 African countries, including Nigeria, Ghana, Senegal, Côte d'Ivoire, Guinea Conakry, Cameroon, Kenya, and Uganda.

Nairagram plans to raise an additional ₦50 billion in 2026 through combined capital market instruments to strengthen its balance sheet and expand product capabilities. Co-founders Idri Ibrahim and Gbolahan Obanikoro emphasized the importance of building resilient financial infrastructure in Africa, while acknowledging the support from CBN leadership, including Governor Yemi Cardoso and Deputy Governor Moham Sani Abdullahi.