{"id":8066,"date":"2026-04-13T10:11:31","date_gmt":"2026-04-13T10:11:31","guid":{"rendered":"https:\/\/ograsset.com\/?p=8066"},"modified":"2026-04-13T10:11:33","modified_gmt":"2026-04-13T10:11:33","slug":"fmdq-approves-n22-68bn-cp-for-daraju-expansion","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/04\/13\/fmdq-approves-n22-68bn-cp-for-daraju-expansion\/","title":{"rendered":"FMDQ approves N22.68bn CP for Daraju expansion"},"content":{"rendered":"\n
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FMDQ approves N22.68bn CP for Daraju expansion<\/strong><\/h1>\n\n\n\n

FMDQ Securities Exchange Limited has officially approved the quotation of Daraju Industries Limited\u2019s N4.92bn Series 1 and N17.76bn Series 2 Commercial Paper under its N50.00bn issuance programme.<\/p>\n\n\n\n

The move marks a significant milestone for the Nigerian fast-moving consumer goods sector, providing a multi-billion-naira liquidity injection to one of the country\u2019s leading manufacturers.<\/p>\n\n\n\n

The approval, granted by the Exchange\u2019s Board Listings and Markets Committee, is seen as a strategic win for Daraju Industries as it seeks to solidify its footprint in the personal and home care markets.<\/p>\n\n\n\n

\u201cThis transaction highlights the continued depth of the Nigerian commercial paper market in supporting corporate liquidity requirements and reinforces the Exchange\u2019s role as a trusted platform for efficient capital mobilisation,\u201d stated the Group Chief Operating Officer of FMDQ Group Plc, Tumi Sekoni.<\/p>\n\n\n\n

Daraju Industries, known for its diverse portfolio of household brands spanning oral hygiene and personal care, intends to deploy the net proceeds to optimise its balance sheet. The funding comes at a critical time when Nigerian manufacturers are navigating fluctuating operational costs and seeking more efficient funding structures.<\/p>\n\n\n\n

The company confirmed that the N22.68bn capital raise will be utilised to bolster working capital, enhance operational efficiency, and sustain its long-term growth trajectory.<\/p>\n\n\n\n

\u201cThe proceeds will be utilised to bolster Daraju Industries\u2019 working capital requirements, optimise its funding structure, and enhance operational efficiency,\u201d the company noted in a statement, emphasising its goal to \u201cexpand its market footprint and deliver increased value to stakeholders.\u201d<\/p>\n\n\n\n

The successful quotation was sponsored by FBNQuest Merchant Bank Limited, acting as the Registration Member, with significant support from co-sponsors including CardinalStone Partners Limited, Cordros Advisory Services Limited, and Coronation Merchant Bank Limited.<\/p>\n\n\n\n

The high level of institutional involvement underscores the market\u2019s confidence in Daraju\u2019s credit profile and the overall transparency of the FMDQ platform.<\/p>\n\n\n\n

\u201cWe remain committed to fostering a resilient and transparent market that supports sustainable growth across key sectors of the economy,\u201d Sekoni added, noting that the Exchange\u2019s infrastructure is designed to empower both \u201cestablished industry leaders and emerging startups\u201d.<\/p>\n\n\n\n

As Africa\u2019s first vertically integrated financial market infrastructure group, FMDQ continues to play a transformative role in Nigeria\u2019s debt capital market. By leveraging advanced technology to provide a regulated environment for short-term funding, the Exchange is facilitating the flow of capital necessary for job creation and industrial expansion.<\/p>\n\n\n\n

With this latest quotation, Daraju Industries is now positioned to leverage a more robust financial foundation, ensuring its products remain competitive in a rapidly evolving Nigerian consumer landscape.<\/p>\n\n\n\n

Source:<\/em> https:\/\/punchng.com\/fmdq-approves-n22-68bn-cp-for-daraju-expansion\/<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FMDQ approves N22.68bn CP for Daraju expansion FMDQ Securities Exchange Limited has officially approved the quotation of Daraju Industries Limited\u2019s N4.92bn Series 1 and N17.76bn Series 2 Commercial Paper under its N50.00bn issuance programme. The move marks a significant milestone for the Nigerian fast-moving consumer goods sector, providing a multi-billion-naira liquidity injection to one of… <\/p>\n

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