Press Release - Daraju Industries Limited Quotes ₦10.00bn CP Programme on FMDQ Exchange
FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), through its Board Listings and Markets Committee, has approved the registration of the Daraju Industries Limited ₦10.00 billion Commercial Paper (CP) Programme on the Exchange’s Platform. The registration of this CP Programme reinforces the confidence of issuers in FMDQ Exchange’s platform, and the Nigerian capital market as a viable marketplace to raise funds to meet funding requirements of companies and governments.
Daraju Industries Limited (“Daraju Industries”) is a Nigerian registered company with its focus on manufacturing and local trading of household items such as fabric care, oral care and body care products, amongst others. The registration of this CP Programme, which is sponsored by FBNQuest Merchant Bank Limited, a Registration Member (Quotations) of the Exchange, strategically positions Daraju Industries to raise short-term finance for its working capital needs, from the Nigerian DCM efficiently and at any time deemed suitable, through CP issues, within the approved Programme limit.
FMDQ Exchange continues to sustain efforts in ensuring that corporates have uninterrupted access to a credible and robust platform for the registration, listing, quotation, and trading of debt securities. The Exchange, through continuous information disclosure, will continue to provide tailored and value-adding services, offer end-to-end support for a streamlined and seamless process, foster transparency and information symmetry, and promote credibility.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.