FMDQ Exchange Approves Listing Of Daraju Industries N10bn Commercial Paper

FMDQ Securities Exchange Limited (FMDQ Exchange), through its Board Listings and Markets Committee, has approved the registration of the Daraju Industries Limited N10.00 billion Commercial Paper (CP) Programme on its platform.

The registration of this CP Programme reinforces the confidence of issuers in FMDQ Exchange’s platform, and the Nigerian capital market as a viable marketplace to raise funds to meet funding requirements of companies and governments.

Daraju Industries Limited (“Daraju Industries”) is a Nigerian registered company with its focus on manufacturing and local trading of household items such as fabric care, oral care and body care products, amongst others.

The registration of this CP Programme, which is sponsored by FBNQuest Merchant Bank Limited, a Registration Member (Quotations) of the Exchange, strategically positions Daraju Industries to raise short-term finance for its working capital needs, from the Nigerian DCM efficiently and at any time deemed suitable, through CP issues, within the approved Programme limit.

FMDQ Exchange continues to sustain efforts in ensuring that corporates have uninterrupted access to a credible and robust platform for the registration, listing, quotation, and trading of debt securities.