Addosser Microfinance Bank Limited has redeemed its N3.9 billion Series 1 Commercial Paper that matured on February 6, 2026, reinforcing investor confidence in the lender’s liquidity position and financial discipline.
The note was issued under the bank’s N10 billion Commercial Paper Programme and listed on the FMDQ Securities Exchange. Series 1 recorded over 150 percent subscription, signalling strong market appetite and positive sentiment toward the bank’s governance standards and balance-sheet strength.
The programme forms part of Addosser’s broader funding strategy designed to support on-lending activities and balance-sheet expansion, as the institution positions for scale.
In a parallel development, the bank has completed its recapitalisation, a key requirement for securing a national microfinance banking licence with final approval from the Central Bank of Nigeria, currently pending.
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Adebayo Fabiyi, the company’s managing director, said the successful redemption underscores the institution’s financial resilience and prudent growth strategy as it prepares to leverage the anticipated national licence to expand its branch network from 27 to 50 locations over the next five years.
According to him, while the recapitalisation strengthens Addosser’s capital base, the commercial paper programme provides flexible funding to support lending and enhance customer reach at scale.
He added that this expansion drive will be supported by the bank’s digital banking platform, Atlas Digital Solution, which is expected to deepen service delivery and operational efficiency.
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