Circular

The Securities and Exchange Commission (“the Commission”) hereby notifies all capital market stakeholders and prospective issuers that further to the “Rules on Issuance of Commercial Papers” issued on December 23, 2024, the submission and processing of applications for the issuance of commercial papers would commence on July 1, 2025.

Accordingly, all applications for the issuance of commercial papers, are required to be filed with the Commission for prior review and approval through the Commission’s e-portal: eportal.sec.gov.ng.

Signed:

Management

June 25, 2025