Ojaja Pan Africa Limited has successfully redeemed its Series 1 and Series 2 Commercial Paper (CP) issuances, worth a combined N9.05 billion, signaling robust liquidity despite a challenging high-interest-rate environment.
The redemption included N2.14 billion for the Series 1 tranche, which matured in November 2025, and N6.90 billion for the Series 2 tranche, settled on February 20, 2026.
These figures represent the debut offerings under the company’s N10 billion Commercial Paper Programme admitted to the FMDQ Securities Exchange.
The timely settlement is viewed by market analysts as a significant indicator of the conglomerate’s disciplined cash flow management.
With the Central Bank of Nigeria’s Monetary Policy Rate (MPR) sitting at a steep 27.00% as of late 2025, short-term funding has become increasingly expensive for many corporates.
Ojaja Pan Africa’s ability to discharge these obligations in full reassures institutional investors and asset managers of the firm’s sustained creditworthiness.
Dr. Ayobami Oyedare, the Acting Managing Director of Ojaja Pan Africa, described the redemption as a powerful testament to the stability of the company’s balance sheet.
He noted that by fulfilling these obligations, the firm has validated the trust of the investing public and is now positioned to strategically utilize the remaining capacity of its N10 billion programme to drive continental expansion.
The transaction was managed by Comercio Partners Capital Limited as the Lead Financial Advisers and Arranger. Mr. Stephen Osho, CEO of Comercio Partners, highlighted that the flawless execution of the redemption serves as compelling proof of the company’s ability to thrive despite intense economic tightening cycles.
Having cleared its initial debt obligations, Ojaja Pan Africa now maintains substantial headroom within its registered programme to align future liquidity needs with its long-term strategic growth objectives.