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Nigeria’s NGX records first commercial paper listing as Dangote Cement raises $89.58mn

Dangote Cement truck. Photo @ Dangote Cement website
Dangote Cement truck. Photo @ Dangote Cement website
  • NGX records first-ever commercial paper listing
  • Dangote Cement raises $89.58mn via two CP series

 

LAGOS, NIGERIA – Nigerian Exchange Limited has recorded its first commercial paper listing, marking a milestone in efforts to deepen Nigeria’s short-term debt market.

The listing involves Dangote Cement Plc’s Series 1 and Series 2 commercial papers valued at $89.58mn (₦19.87bn), the exchange said in a statement.

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