Nigeria’s capital market raised more than N753 billion through commercial paper issuances between April and October, underscoring strong investor confidence and growing appetite for short-term funding instruments, the Securities and Exchange Commission (SEC) has said.
Emomotimi Agama, director-general of the SEC, disclosed this in an interview noting that the funds helped meet short-term financing needs in key sectors, including manufacturing, energy, and agriculture.
“The N753 billion raised through commercial papers supported short-term financing needs across critical sectors of the economy,” Agama said.
He added that the broader debt market also recorded landmark transactions during the period, including a N500 billion climate funding vehicle and a N200 billion Elektron Finance bond issuance, reflecting growing investor interest in infrastructure and sustainable finance.
“These figures are not just numbers; they represent confidence in our regulatory framework and the resilience of our market architecture,” the SEC chief said.
Agama said the performance of the commercial paper segment formed part of wider capital-raising activities approved by the commission across debt, equity, and short-term instruments.
“Since our last meeting, the Nigerian capital market has demonstrated remarkable depth and adaptability,” he said.
“Between April and October 2025, the commission approved significant transactions across debt, equity, and commercial paper segments, underscoring the market’s capacity to mobilise capital for growth.”
He said the market’s momentum was reinforced by Nigeria’s credit rating upgrade and its removal from the Financial Action Task Force (FATF) grey list, developments he said boosted investor confidence and signalled renewed trust in the economy.
“These achievements are essential as we work to position the Nigerian capital market as a catalyst for sustainable economic growth,” Agama added.
