Johnvents shops for N5bn from series 1 & 2 commercial paper issuance

Johnvents Industries is targeting to raise N5billion from its ongoing series 1 & 2 non-interest Commercial Paper (CP) issuance. The issuance is structured using the Murabaha model, with Johnvents Industries non-interest funding SPV Plc acting as the seller, and Johnvents Industries Limited serving as the purchaser. The CP issuance is under its N15 billion non-interest funding SPV Plc programme. The series 1 & 2 CP issuance is scheduled to close on Thursday, August 21, 2025.

Johnvents Industries Limited is a wholly indigenous-owned agribusiness committed to driving sustainable growth across the entire agricultural value chain from production, processing, manufacturing, and distribution. The Company is at the intersection of everything agriculture, unlocking immense value through trade outreach, technological innovations, financial empowerment, and research to ensure food supply and premium export value for Africa.

Johnvents Industries Limited demonstrated strong financial performance for the year ending December 31, 2024, achieving substantial growth across key metrics. Turnover rose significantly to N230.63 billion (2023: N94.90 billion), while profit before tax (PBT) increased to N25.75 billion.

The company’s equity surged to N133.59 billion, up from N69.83 billion in 2023, highlighting strengthened financial stability. Total assets grew by 130.9 percent to N249.02 billion (2023: N107.88 billion), driven largely by expansion in operations and increased inventory levels.

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The structure ensures efficient fund utilisation in line with non-interest financial principles, maintaining a transparent chain of responsibility from Johnvents Industries Limited, through Johnvents Industries Non-Interest Funding SPV Plc, to the noteholders.

Johnvents Industries Limited operates a 15,000-tonne semi-automated cocoa processing plant located along Ilesa-Benin Expressway, Akure, which produces premium cocoa products including cocoa powder, cake, and butter. With a network of over 2,000 farmers and local buying agents across 8 states, Johnvents has established itself as a major player in Nigeria’s agricultural sector. The facility is equipped to crush 30 tons/day, with a daily output of 5 tonnes of Cocoa Butter and 25 tonnes of cake or powder.

Johnvents Industries Limited has been assigned a ‘BBB+’ rating from GCR and a ‘BBB+’ rating from Agusto & Co, indicating its strong financial strength and excellent operational performance.

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.