Nigerian Breweries registers N100bn Commercial Paper Programme on FMDQ Exchange

Committed to accelerating the development of the Nigerian debt markets by providing a reliable and credible platform to support capital formation, FMDQ Securities Exchange Limited, the preferred platform for the registration, listing, quotation, trading, and reporting of financial market securities, through its Board Listings and Markets Committee, welcomed the registration of the Nigerian Breweries plc N100 billion Commercial Paper (CP) Issuance Programme on its platform in August 2022.

Nigerian Breweries plc (“Nigerian Breweries” or the “Issuer”) is the pioneer and largest brewing company in Nigeria, engaged in the making and selling of lager, stout, non-alcoholic malt, and soft drinks.

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Nigerian Breweries operates over ten breweries and approximately two malting plants across the country. Through the registration of this CP Programme, which is sponsored by Stanbic IBTC Capital Limited (the lead sponsor), FCMB Capital Markets Limited and FBNQuest Merchant Bank Limited, all Registration Member (Quotations) of the Exchange, the Issuer is availed the opportunity to raise short-term finance from the Nigerian debt markets at a time it deems suitable, through CP issuances, within the CP Programme limit.

The successful admittance of 102 securities, valued at N3.36 trillion, on its platform so far in the year 2022 attests to the efficient and uniquely tailored listing and quotation service offered by FMDQ Exchange. As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the Nigerian economy at large, FMDQ Exchange will continue to promote an efficient, transparent, and well-regulated market, which will attract and retain both domestic and foreign investors.

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.