The Securities and Exchange Commission (SEC) has disclosed that more than ₦753 billion was raised through commercial paper issuances in Nigeria between April and October.
The Commission said the strong level of activity in the commercial papers market reflects growing confidence by corporates in short-term debt instruments as a viable funding option, amid tight credit conditions in the banking system.
According to the SEC, firms across key sectors of the economy—including manufacturing, financial services and consumer goods—tapped the market to meet working capital needs and refinance short-term obligations.
The regulator noted that the commercial papers market has continued to deepen following regulatory reforms aimed at improving transparency, investor protection and market efficiency.
The SEC reaffirmed its commitment to strengthening Nigeria’s capital market by encouraging alternative funding sources for businesses, while ensuring robust oversight to safeguard investors.
