FMDQ Securities Change Restricted has accepted the citation of Accion Microfinance Bank Restricted’s N2.02 billion Sequence 1 Business Paper underneath its N5.00 billion Business Paper Programme, as Payaza Africa Restricted seeks to lift about N50 billion from its personal issuance.
The approval was conveyed in a launch issued by the Change on Wednesday, February 25, 2026.
It was granted by the Change’s Board Listings and Markets Committee, offering Accion MFB with cost-effective short-term funding to help micro-entrepreneurs and small companies throughout Nigeria.
In a associated improvement, Payaza, a MasterCard and VISA accomplice, is at the moment looking for about N50 billion by way of the issuance of Sequence 1 and a couple of Business Papers underneath its N150 billion Business Paper Issuance Programme, additional highlighting rising company urge for food for the CP market.
Based on FMDQ, the N2.02 billion Sequence 1 Business Paper was issued by Accion Microfinance Bank Restricted underneath its N5 billion programme sponsored by FBNQuest Service provider {Bank} Restricted to strengthen its working capital and broaden its lending capability.
Equally, Payaza is trying to fund its working capital necessities with the online proceeds of its Business Papers issuance, which opened on February 23 and is anticipated to shut on Thursday, February 26.
Payaza additionally disclosed that it has raised over N70 billion since its inception throughout six profitable CP collection, of which N32.53 billion has been absolutely repaid, whereas the excellent steadiness stays inside its scheduled compensation interval and isn’t but due.
The CP issuances present the issuers with cost-effective short-term funding to spice up their operations and meet working capital wants. For Accion MFB, the proceeds are anticipated to boost working capital and broaden credit score to micro-entrepreneurs and small companies nationwide.
The oversubscription of the CP is anticipated to strengthen Accion MFB’s lending capability and help its broader {financial} inclusion technique.
Corporations are more and more leveraging Business Paper issuances to lift capital for operational and growth functions, a pattern analysts hyperlink to the excessive price of business banks’ credit score. Final 12 months, corporates turned to CP issuances on FMDQ Securities Change, which facilitates capital mobilisation.
Payaza Africa Restricted and Accion Microfinance Bank Restricted have now joined a rising variety of corporates leveraging Nigeria’s technology-enabled capital market ecosystem to mobilise funding effectively.
