Largest commercial paper offers by target size in Q3 2026
Twenty-three companies brought commercial paper offers to the Nigerian money market during the third quarter of 2026, targeting a combined N446.1 billion across 43 series under programmes with a total registered size of N1.98 trillion, as corporates continued to tap the short-term debt market to meet working capital needs. The post Largest commercial paper offers by target size in Q3 2026…
During the third quarter of 2026, a total of 23 companies issued commercial paper offers in Nigeria's money market, targeting a combined N446.1 billion across 43 series. These issuers utilized the short-term debt market to address their working capital needs. The ten largest offerings collectively aimed for N350 billion, accounting for 78.5% of all commercial paper issuance tracked during the quarter.
These offers primarily targeted working capital financing, with two structured as non-interest commercial papers under a Murabahah arrangement, providing Shariah-compliant alternatives to conventional discount-based commercial paper.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
