Daraju Industries strengthens market presence with N22.68bn CP quotation on FMDQ Exchange
FMDQ Securities Exchange Limited has approved the quotation of Daraju Industries Limited’s N4.92 billion Series 1 and N17.76 billion Series 2 Commercial Paper (CP) under its N50 billion CP Issuance Programme.
This approval by the Exchange’s Board Listings and Markets Committee underscores FMDQ Exchange’s unwavering commitment to providing an efficient, transparent, and well-regulated platform for short-term funding.
It further reinforces the Exchange’s role as a catalyst for economic growth, supporting both issuers and investors in achieving their financial objectives.
Daraju Industries Limited, a leading Nigerian fast-moving consumer goods manufacturer with a diverse portfolio spanning personal care, home care, and oral hygiene products will strategically deploy the net proceeds from the CP issuance.
The Programme, sponsored by FBNQuest Merchant Bank Limited, a Registration Member (Listings) of FMDQ Exchange, with support from co-sponsors CardinalStone Partners Limited, Cordros Advisory Services Limited, and Coronation Merchant Bank Limited, is a testament to the company’s strong credit profile and market confidence.
The proceeds will be utilised to bolster Daraju Industries’ working capital requirements, optimise its funding structure, and enhance operational efficiency, thereby positioning the company to sustain its growth trajectory, expand its market footprint, and deliver increased value to stakeholders.
Commenting on the quotation, the Group Chief Operating Officer of FMDQ Group, Ms. Tumi Sekoni, stated: “We are pleased to welcome the quotation of Daraju Industries Limited’s Commercial Paper on FMDQ Exchange.
“This transaction highlights the continued depth of the Nigerian commercial paper market in supporting corporate liquidity requirements and reinforces the Exchange’s role as a trusted platform for efficient capital mobilisation. We remain committed to fostering a resilient and transparent market that supports sustainable growth across key sectors of the economy.”
FMDQ Exchange continues to play a transformative role in shaping Nigeria’s capital markets by leveraging advance technology to deliver a dynamic and innovative platform that promotes transparency, regulatory excellence, and market integrity.
This commitment empowers a diverse range of corporate entities, from established industry leaders to emerging startups, to efficiently access both short- and long-term capital. In doing so, FMDQ Exchange drives sustainable economic growth, supports job creation, and reinforces its position as the premier marketplace for capital raising in Nigeria and beyond.
