NGX Lists 14% of N1.51 Trillion Commercial Paper Market
Between January and September 2026, Nigeria raised N1.51 trillion through commercial papers, with only N216.1 billion, or about 14 percent, listed on the Nigerian Exchange Limited (NGX). This figure came from 131 commercial paper series by 60 issuers.
The third quarter alone saw N506.4 billion raised, highlighting the importance of commercial papers for short-term financing. NGX entered the commercial paper market on December 3, 2025, after receiving approval from the Securities and Exchange Commission (SEC).
The first major transaction occurred in February 2026 when Dangote Cement Plc listed its Series 1 and Series 2 commercial papers valued at N119.87 billion. Other companies that have listed papers include Coleman Technical Industries Limited, MeCure Industries Plc, and NGN Gram Limited.
Jude Chiemeka, CEO of NGX, stated that the Exchange aims to enhance market visibility and attract more issuers. Abimbola Babalola, NGX’s Head of Trading and Products, emphasized the need to sustain issuance and expand listings.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
Read full article
Continue on Leadership Newspaper
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
NGX Reports N1.51 Trillion Raised in Commercial Paper Market
Nigerian Firms Raise N1.3 Trillion via Commercial Papers
Nigerian Firms Target N446.1 Billion in Q3 2026 Paper Offers
Domestic Investors Dominate NGX with N11.89tn in 2026
NGX Market Cap Drops 0.50% Amid Reduced Trading Activity
NGX Reports 0.13% Drop Despite Increased Trading Activity
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
