NASD PLC Lists Jilna Nigeria's N3bn Commercial Paper, Boosting Market Leadership

NASD PLC has listed Jilna Nigeria Limited's N3 billion series 1 commercial paper, part of a N10 billion CP program. Jilna, a leading indigenous producer of edible vegetable oil, has shown strong financial performance with revenue growth from N12.79 billion in 2021 to N45.57 billion in 2024.

The company has a solid debt service track record and aims to raise funds for short-term working capital needs. Adekunl Alad, the CEO of Pathwai Advisor Limited, described the listing as a significant achievement, highlighting investor confidence in Jilna's growth prospects.