SKLD Integrated Services quotes N7.30bn Commercial Papers on FMDQ Exchange

FMDQ Securities Exchange Limited has approved the quotation of SKLD Integrated Services Limited’s N860 million Series 1 and N6.44 billion Series 2 Commercial Papers (CPs) under its N10 billion CP Programme.

SKLD Integrated Services Limited (SKLD) is a leading provider of integrated logistics and supply chain solutions across Nigeria, offering services that span fleet management, warehousing, haulage, and distribution.

This CPs approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s role as a trusted and efficient platform and highlights the growing adoption of market-based financing solutions by corporates operating across key sectors of the Nigerian economy, including logistics and supply chain services.

Through its operations, the Issuer supports the movement of goods and the efficient functioning of supply chains across multiple sectors of the economy.

Related News

The net proceeds from these CP issuances, sponsored by Mulberry Advisory Services Limited (Lead Sponsor), AIICO Capital Limited and Apel Asset Limited, all Registration Members (Quotations) of FMDQ Exchange, will be utilised to strengthen SKLD’s working capital position, fund operational expansion, and enhance the Issuer’s capacity to deliver world-class logistics solutions across Nigeria.

Tumi Sekoni, Group Chief Operating Officer, FMDQ Group Plc said: “The quotation of SKLD Integrated Services Limited’s Commercial Papers on FMDQ Exchange highlights the broadening appeal of Nigeria’s capital markets to issuers across critical sectors of the economy”.

“Logistics and supply chain infrastructure are foundational to sustainable economic growth, and FMDQ Exchange is proud to provide SKLD with a credible and efficient platform to access short-term funding. This transaction further demonstrates our commitment to connecting well-structured corporate issuances with Nigeria’s growing investor community, while reinforcing the Exchange’s role as a catalyst for capital market development,” she noted.

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.