Ojaja Pan Africa Limited, a leading Pan-African conglomerate with diverse operations across multiple sectors in Nigeria. Has successfully redeemed its ₦2.15 billion Series 1 and ₦6.91 billion Series 2 Commercial Paper (CP) issuances. These matured on November 21, 2025, and February 20, 2026, respectively. This CP issuance marked the debut tranche of the company’s ₦10 billion Commercial Paper Programme. Which listed on the FMDQ Securities Exchange platform.
The full and timely settlement of these short-term debt obligations underscores Ojaja Pan Africa’s strong liquidity position and disciplined cash flow management. It also reassures institutional investors, including asset managers, of the company’s continued creditworthiness, even amid challenging macroeconomic conditions.
This achievement particularly significant given Nigeria’s high-interest-rate environment. With the Central Bank of Nigeria’s Monetary Policy Rate (MPR) at 27.00% as of September 2025. In such conditions, short-term funding becomes expensive, making the Commercial Paper market a vital, cost-effective option for creditworthy companies. Ojaja Pan Africa’s ability to generate sufficient cash to meet these obligations. Despite peak yields, highlights its proactive financial strategy and stringent liability management.
The successful redemption also positions the company to leverage the remaining capacity of its ₦10 billion CP Programme for future growth and expansion.
Efficient Execution by Comercio Partners Capital Limited
The issuance and redemption process expertly managed by Comercio Partners Capital Limited. Which acted as the Lead Financial Adviser and Arranger. This seamless execution reflects the investment bank’s expertise in structuring and managing complex debt transactions in Nigeria’s capital market.
Management’s Perspective
Dr. Ayobami Oyedare, Acting Managing Director of Ojaja Pan Africa Limited, commented:.
“The redemption of our ₦6.91 billion Series 2 Commercial Paper, following the successful repayment of our ₦2.15 billion Series 1, is a testament to the strength of our balance sheet and the rigor of our financial planning. By fulfilling these obligations in full, we have reinforced the trust of our investors. With both maturities now settled. We focused on strategically utilizing the remaining capacity of our ₦10 billion programme to drive growth and expansion across Africa.”
Lead Arranger’s Statement
Mr. Stephen Osho, CEO of Comercio Partners Capital Limited, added:.
“The flawless redemption of the Series 1 and 2 CPs is a defining moment for Ojaja Pan Africa. It demonstrates the company’s robust financial management and balance sheet integrity. This success, achieved during a period of economic tightening. Highlights Ojaja Pan Africa’s resilience and ability to thrive despite challenging conditions. We are proud to have facilitated this transaction, which not only raised capital. But also reaffirmed the company’s position as a leading Pan-African issuer.”
Looking Ahead
With the successful redemption of Series 1 and 2, Ojaja Pan Africa retains significant capacity within its ₦10 billion CP Programme. The company now focused on aligning its liquidity needs. With long-term strategic goals, further solidifying its reputation as a reliable and trusted participant in Nigeria’s sophisticated debt capital market.
