FMDQ Securities Exchange Limited has given the green light for the listing of Daraju Industries Limited’s N4.92bn Series 1 and N17.76bn Series 2 Commercial Papers, issued under its broader N50bn programme. This development signals a major boost for Nigeria’s fast-moving consumer goods (FMCG) industry, injecting significant liquidity into one of the country’s prominent manufacturing firms.
The clearance, issued by the Exchange’s Board Listings and Markets Committee, represents an important step for Daraju Industries as it works to deepen its presence in the home and personal care segments. Known for producing a wide range of everyday consumer products, the company is using this fundraising effort to reinforce its financial stability and operational capacity.
Tumi Sekoni, Group Chief Operating Officer of FMDQ Group Plc, noted that the deal reflects the strength and reliability of Nigeria’s commercial paper market in meeting corporate funding demands. He added that the Exchange continues to serve as a dependable avenue for raising capital efficiently, helping businesses secure short-term financing through a transparent and well-regulated system.
Daraju Industries disclosed that the funds raised will mainly be directed toward strengthening its working capital base and restructuring its financing mix. The timing is critical, as manufacturers across Nigeria face increasing cost pressures, exchange rate volatility, and the need for more adaptable funding solutions. Accessing the commercial paper market allows the company to better manage these realities while sustaining its expansion drive.
In its statement, the firm explained that the N22.68bn proceeds would be used to support day-to-day operations, improve efficiency across its processes, and enhance its overall financial structure. It also reaffirmed its ambition to widen its market reach and create greater value for stakeholders, stressing that the capital injection will support long-term business growth.
The issuance was arranged by FBNQuest Merchant Bank Limited, which served as the Registration Member, with additional backing from CardinalStone Partners Limited, Cordros Advisory Services Limited, and Coronation Merchant Bank Limited. The involvement of these key financial institutions highlights strong investor trust in Daraju’s financial standing as well as confidence in the credibility of the FMDQ platform.
FMDQ continues to play a central role in advancing Nigeria’s debt capital market landscape. As a fully integrated financial market infrastructure group in Africa, it provides a secure, technology-driven platform that enables companies to access funding efficiently. This framework supports business expansion, drives industrial growth, and contributes to job creation across key sectors of the economy.
Following the successful listing of its commercial papers, Daraju Industries is now in a stronger position to compete within Nigeria’s dynamic consumer market. The improved financial footing is expected to enhance productivity, strengthen resilience, and ensure the continued availability of its products to consumers nationwide.
