List of Approvred Commercial Papers as at 23 October 2025
| S/N | ISSUER |
FINANCIAL ADVISER |
PROGRAMME SIZE | SERIES | SERIES AMOUNT |
ISSUE DATE |
MATURITY DATE |
APPROVAL DATE | RATIFICATION/FRESH |
|---|---|---|---|---|---|---|---|---|---|
| 1 |
Golden Fertilizer Company Limited |
Phoenix Global Capital Markets Limited |
40,000,000,000.00 | Discrete 1 | 20,030,000,000.00 | 30-Jul-25 | 3-Feb-26 | 9-Jul-25 |
Fresh Issue |
| 2 |
Skymark Partners Limited |
UCML Capital Limited |
30,000,000,000.00 |
Series 45 |
1,271,674,000.00 | 26-Jun-25 | 25-Sep-25 | 24-Jul-25 | Ratification |
| 3 | Skymark Partners Limited | UCML Capital Limited | 30,000,000,000.00 | Series 46 | 1,374,704,000.00 | 26-Jun-25 | 20-Dec-25 | 24-Jul-25 | Ratification |
| 4 |
Skymark Partners Limited |
UCML Capital Limited |
30,000,000,000.00 |
Series 47 |
6,584,923,000.00 | 26-Jun-25 | 20-Mar-26 | 24-Jul-25 | Ratification |
| 5 |
Johnvents Industries Non-Interest Funding SPV PLC |
Marble Advisory Limited | 15,000,000,000.00 | Series 1 | 4,919,317,000.00 | 22-Aug-25 | 19-May-26 | 24-Jul-25 |
Fresh Issue |
| 6 |
Johnvents Industries Non-Interest Funding SPV PLC |
Marble Advisory Limited |
15,000,000,000.00 |
Series 2 |
7,221,307,000.00 | 22-Aug-25 | 17-Aug-26 | 24-Jul-25 | Fresh Issue |
| 7 | Jawa International Limited | Boston Advisory Limited | 10,000,000,000.00 | Series 1 | 2,000,000,000.00 | 21-Jul-25 | 17-Apr-26 | 9-Jul-25 |
Fresh Issue |
| 8 |
Veritasi Homes & Properties PLC |
Pathway Advisors Limited |
20,000,000,000.00 |
Series 1 |
6,134,893,000.00 | 21-Jul-25 | 17-Apr-26 | 11-Jul-25 | Fresh Issue |
| 9 | Payaza Africa Limited | AVA Capital Partners Limited | 50,000,000,000.00 | Series 3 | 12,195,585,000.00 | 12-Aug-25 | 9-Feb-26 | 28-Jul-25 |
Fresh Issue |
| 10 |
Payaza Africa Limited |
AVA Capital Partners Limited |
50,000,000,000.00 |
Series 4 |
10,763,957,000.00 | 12-Aug-25 | 11-May-26 | 28-Jul-25 | Fresh Issue |
| 11 | NGN Gram Limited |
Comercio Partners Capital Limited |
10,000,000,000.00 | Programme | - | N/A | N/A | 28-Jul-25 |
Fresh Prog. |
| 12 |
Dangote Sugar Refinery PLC |
Stanbic IBTC Capital Limited |
300,000,000,000.00 |
Series 10 |
4,732,120,000.00 | 25-Jun-25 | 24-Sep-25 | 6-Aug-25 | Ratification |
| 13 | Dangote Sugar Refinery PLC | Stanbic IBTC Capital Limited | 300,000,000,000.00 | Series 11 | 11,487,504,000.00 | 25-Jun-25 | 11-Dec-25 | 6-Aug-25 | Ratification |
| 14 |
Dangote Sugar Refinery PLC |
Stanbic IBTC Capital Limited |
300,000,000,000.00 |
Series 12 |
96,673,370,000.00 | 25-Jun-25 | 18-Mar-26 | 6-Aug-25 | Ratification |
| 15 | Citibank Nigeria Limited | Stanbic IBTC Capital Limited | 300,000,000,000.00 | Series 6 | 25,635,042,000.00 | 15-Aug-25 | 12-May-26 | 6-Aug-25 |
Fresh Issue |
| 16 |
Citibank Nigeria Limited |
Stanbic IBTC Capital Limited |
300,000,000,000.00 |
Series 5 |
1,054,651,000.00 | 15-Aug-25 | 11-Feb-26 | 6-Aug-25 | Fresh Issue |
| 17 | UAC of Nigeria PLC | Stanbic IBTC Capital Limited | 65,000,000,000.00 | Programme | - | N/A | N/A | 7-Aug-25 |
Fresh Prog. |
| 18 |
MeCure Industries PLC |
Cordros Capital Limited |
40,000,000,000.00 |
Series 5 |
11,923,521,000.00 | 3-Jul-25 | 26-Mar-26 | 7-Aug-25 | Ratification |
| 19 | Champion Breweries PLC | Rand Merchant Bank Limited | 15,000,000,000.00 | Series 1 | 4,215,622,000.00 | 7-Jul-25 | 30-Dec-25 | 7-Aug-25 | Ratification |
| 20 |
Champion Breweries PLC |
Rand Merchant Bank Limited |
15,000,000,000.00 |
Series 2 |
10,784,378,000.00 | 7-Jul-25 | 1-Apr-26 | 7-Aug-25 | Ratification |
| 21 | GLNG Funding SPV PLC | FirstCap Limited | 30,000,000,000.00 | Series 1 | 3,292,189,000.00 | 8-Jul-25 | 3-Apr-26 | 18-Aug-25 | Ratification |
| 22 |
Accion Microfinance Bank Limited |
FBNQuest Merchant Bank Limited |
5,000,000,000.00 |
Programme & Series |
2,022,578,000.00 | 1-Sep-25 | 29-May-26 | 19-Aug-25 | Fresh Issue |
| 23 |
Johnvents Industries Limited |
United Capital PLC | 100,000,000,000.00 | Series 18 | 4,098,787,000.00 | 4-Jul-25 | 5-Jan-26 | 20-Aug-25 | Ratification |
| 24 |
Johnvents Industries Limited |
United Capital PLC |
100,000,000,000.00 |
Series 19 |
18,535,515,000.00 | 4-Jul-25 | 3-Apr-26 | 20-Aug-25 | Ratification |
| 25 |
Valency Agro Nigeria Limited |
FirstCap Limited | 40,000,000,000.00 | Series 13 | 4,917,207,000.00 | 1-Sep-25 | 29-May-26 | 20-Aug-25 |
Fresh Issue |
| 26 |
Valency Agro Nigeria Limited |
FirstCap Limited |
40,000,000,000.00 |
Series 14 |
8,104,413,000.00 | 1-Sep-25 | 27-Aug-26 | 20-Aug-25 | Fresh Issue |
| 27 | Eunisell Limited | Vetiva Advisory Services Limited | 50,000,000,000.00 | Programme | - | N/A | N/A | 20-Aug-25 |
Fresh Prog. |
| 28 |
Daraju Industries Limited |
FBNQuest Merchant Bank Limited |
20,000,000,000.00 |
Series 37 |
6,082,098,000.00 | 24-Jun-25 | 22-Dec-25 | 25-Aug-25 | Ratification |
| 29 | Neveah Limited | United Capital PLC | 30,000,000,000.00 | Series 1 | 3,470,424,000.00 | 7-Jul-25 | 5-Jan-26 | 26-Aug-25 | Ratification |
| 30 |
Neveah Limited |
United Capital PLC |
30,000,000,000.00 |
Series 2 |
8,280,150,000.00 | 7-Jul-25 | 3-Apr-26 | 26-Aug-25 | Ratification |
| 31 | Jilnas Nigeria Limited | Pathway Advisors Limited | 10,000,000,000.00 | Series 1 | 2,284,522,000.00 | 8-Sep-25 | 5-Jun-25 | 26-Aug-25 |
Fresh Issue |
| 32 |
Asiko Power Limited |
Stanbic IBTC Capital Limited |
2,500,000,000.00 |
Series 3 |
552,452,000.00 | 10-Sep-25 | 4-Sep-26 | 26-Aug-25 | Fresh Issue |
| 33 |
Hillcrest Agro-Allied Industries Limited |
Comercio Partners Capital Limited |
10,000,000,000.00 | Series 8 | 828,861,000.00 | 8-Sep-25 | 9-Mar-25 | 26-Aug-25 |
Fresh Issue |
| 34 |
Hillcrest Agro-Allied Industries Limited |
Comercio Partners Capital Limited |
10,000,000,000.00 |
Series 9 |
712,974,000.00 | 8-Sep-25 | 5-Jun-25 | 26-Aug-25 | Fresh Issue |
| 35 |
Hillcrest Agro-Allied Industries Limited |
Comercio Partners Capital Limited |
10,000,000,000.00 | Series 10 | 2,021,252,000.00 | 8-Sep-25 | 7-Sep-25 | 26-Aug-25 |
Fresh Issue |
| 36 |
CIG Motors Company Limited |
United Capital PLC |
100,000,000,000.00 |
Series 1 Tranch A |
1,585,589,000.00 | 7-Aug-25 | 4-Feb-26 | 18-Jul-25 | Fresh Issue |
| 37 | CIG Motors Company Limited | United Capital PLC | 100,000,000,000.00 | Series 1 Tranch B | 8,632,823,000.00 | 7-Aug-25 | 6-May-26 | 18-Jul-25 |
Fresh Issue |
| 38 |
Dangote Sugar Refinery PLC |
Stanbic IBTC Capital Limited |
300,000,000,000.00 |
Series 13 |
43,729,477,000.00 | 4-Sep-25 | 3-Mar-26 | 1-Sep-25 | Fresh Issue |
| 39 |
Dangote Sugar Refinery PLC |
Stanbic IBTC Capital Limited |
300,000,000,000.00 |
Series 14 |
16,164,230,000.00 | 4-Sep-25 | 27-May-26 | 1-Sep-25 |
Fresh Issue |
| 40 | Skymark Partners Limited | UCML Capital Limited | 30,000,000,000.00 | Series 48 | 800,129,000.00 | 16-Sep-25 | 16-Dec-25 | 8-Sep-25 | Fresh Issue |
| 41 |
Skymark Partners Limited |
UCML Capital Limited |
30,000,000,000.00 |
Series 49 |
1,223,185,000.00 | 16-Sep-25 | 17-Mar-26 | 8-Sep-25 |
Fresh Issue |
| 42 | Skymark Partners Limited | UCML Capital Limited | 30,000,000,000.00 | Series 50 | 9,474,872,000.00 | 16-Sep-25 | 12-Jun-26 | 8-Sep-25 | Fresh Issue |
| 43 | Zeenab Foods Limited | Pathway Advisors Limited | 50,000,000,000.00 | Programme | - | N/A | N/A | 12-Sep-25 |
Fresh Issue |
| 44 |
Stratos Trading Limited |
Cedrus Capital Limited |
20,000,000,000.00 | Programme | - | N/A | N/A | 16-Sep-25 | Fresh Issue |
| 45 | Greenwich Merchant Bank Limited | Rand Merchant Bank Limited | 100,000,000,000.00 | Series 4 | 20,000,000,000.00 | TBD | TBD | 19-Sep-25 |
Fresh Issue |
| 46 |
Precise Lighting Limited |
Afrinvest Capital Limited |
3,500,000,000.00 |
Series 3 |
841,126,000.00 | 29-Sep-25 | 26-Mar-26 | 22-Sep-25 | Fresh Issue |
| 47 | Precise Lighting Limited | Afrinvest Capital Limited | 3,500,000,000.00 | Series 4 | 449,563,000.00 | 29-Sep-25 | 25-Jun-26 | 22-Sep-25 |
Fresh Issue |
| 48 |
Precise Lighting Limited |
Afrinvest Capital Limited |
3,500,000,000.00 |
Series 5 |
1,316,613,000.00 | 29-Sep-25 | 25-Sep-26 | 22-Sep-25 | Fresh Issue |
| 49 | UAC Of Nigeria PLC | Stanbic IBTC Capital Ltd | 65,000,000,000.00 | Series 1,2,3 | 45,000,000,000.00 | TBD | TBD | 26-Sept-25 |
Fresh Issue |
| 50 |
Zeenab Foods Limited |
Pathway Advisors Limited |
50,000,000,000.00 |
Series 1 |
25,444,284,000.00 | 8-Oct-25 | 5-Jul-26 | 29-Sept-25 | Fresh Issue |
| 51 | Neveah Limited | United Capital Plc | 30,000,000,000.00 | Series 3 & $ | 7,000,000,000.00 | TBD | TBD | 03-Oct-25 |
Fresh Issue |
| 52 |
EUNISELL Limited |
Vetiva Advisory Services Limited |
50,000,000,000.00 |
Series 1 & 2 |
6,000,000,000.00 | TBD | TBD | 03-Oct-25 | Fresh Issue |
| 53 | DLM Capital Group Limited | DLM Advisory Limited | 20,000,000,000.00 | Series 2 | 10,000,000,000.00 | TBD | TBD | 06-Oct-25 |
Fresh Issue |
| 54 |
Payaza Africa Limited |
AVA Capital Partners Limited |
50,000,000,000.00 |
Series 5 |
20,000,000,000.00 | TBD | TBD | 09-Oct-25 | Fresh Issue |
| 55 | Polysmart SPV Limited | Marble Advisory Limited | 4,000,000,000.00 | Series 3 & 4 | 1,925,297,000.00 | TBD | TBD | 13-Oct-25 |
Fresh Issue |
| 56 |
Johnvents Industries Limited |
United Capital PLC |
100,000,000,000.00 |
Series 20 & 21 |
30,000,000,000.00 | TBD | TBD | 13-Oct-25 | Fresh Issue |
| 57 | Dangote Sugar Refinery PLC | Stanbic IBTC Capital Limited | 300,000,000,000.00 | Series 15 | 65,000,000,000.00 | TBD | TBD | 13-Oct-25 |
Fresh Issue |
| 58 |
Dangote Sugar Refinery PLC |
Stanbic IBTC Capital Limited |
300,000,000,000.00 |
Series 16 |
65,000,000,000.00 | TBD | TBD | 13-Oct-25 | Fresh Issue |
| 683,793,178,000.00 |