Daraju Industries joins other corporates to quote its N10 Commercial Paper on FMDQ Exchange

FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee has approved the registration of the Daraju Industries Limited N10billion Commercial Paper (CP) Programme on the Exchange’s platform.

The registration of this CP Programme reinforces the confidence of issuers in FMDQ Exchange’s platform, and the Nigerian capital market as a viable marketplace to raise funds to meet funding requirements of companies and governments.

Daraju Industries Limited is a Nigerian registered company with its focus on manufacturing and local trading of household items such as fabric care, oral care and body care products, amongst others.

The registration of this CP Programme, which is sponsored by FBNQuest Merchant Bank Limited, a Registration Member (Quotations) of the Exchange, strategically positions Daraju Industries to raise short-term finance for its working capital needs, from the Nigerian DCM efficiently and at any time deemed suitable, through CP issues, within the approved Programme limit.

FMDQ Exchange continues to sustain efforts in ensuring that corporates have uninterrupted access to a credible and robust platform for the registration, listing, quotation, and trading of debt securities. The Exchange, through continuous information disclosure, will continue to provide tailored and value-adding services, offer end-to-end support for a streamlined and seamless process, foster transparency and information symmetry, and promote credibility.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.