Pathway Advisors Limited, the Lead Arranger and Issuing House has disclosed that Pivot Integrated Energy Services Limited series 1 Commercial Paper (CP) issuance of up to N100 billion under its N300 billion Commercial Paper programme is now open for subscription.

Pivot Integrated Energy Services Limited is an indigenous integrated downstream energy company engaged in the importation, trading, storage, distribution, and supply of refined petroleum products across Nigeria and selected African markets.

The Offer, which is expected to close on July 31, presents investors with an opportunity to participate in the growth of a leading indigenous downstream energy company with a strong track record of revenue growth, robust off-take arrangements, and improving profitability.

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The proceeds from the Issuance will be applied towards working capital finance, supporting Pivot’s ongoing operations in the importation, trading, storage, distribution and supply of refined petroleum products across Nigeria and selected African markets.

Pivot is one of the 20 approved off-takers under the Dangote Refinery PMS Consortium, with an allocated target volume of 300 million litres per quarter.

The company supplies Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Aviation Turbine Kerosene (ATK) to a diversified customer base comprising bulk buyers, distributors, industrial users, logistics operators, manufacturers and retail-linked channels across major cities including Lagos, Calabar and Port Harcourt.

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.

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