In keeping with its mandate to facilitate efficient capital formation, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has announced the approval and registration of Ojaja Pan Africa Limited’s ₦10.00 billion Commercial Paper (CP) Issuance Programme on its platform.

Ojaja Pan Africa Limited (“Ojaja” or the “Issuer”) is a forward-looking conglomerate with strategic investments across key growth sectors in Africa, including real estate, agriculture, manufacturing, mining, tourism, hospitality, and retail. With an asset base valued at over $300 million, the company demonstrates strong financial capacity, operational efficiency, and a firm commitment to driving sustainable development and economic impact across the continent. This CP Programme, sponsored by Comercio Partners Capital Limited – a Registration Member (Quotations) of the Exchange – positions the Issuer to access alternative funding through Nigeria’s debt markets to meet its working capital requirements and improve operational efficiency.

Reacting to the development, the Company’s Founder and Chairman, the Arole Oduduwa & Ooni of Ife, His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Ojaja II—who is also the Grand Patron of the Cocoa Farmers Association of Nigeria and has played a key role in agricultural development, particularly in cocoa across Africa—described the approval as a call to action for increased investment in agriculture. The Ooni mentioned that “this landmark achievement will improve access to working capital and boost the expansion of the ongoing agricultural revolution in cocoa within our locality. It will also strengthen international trade ties for the cocoa revolution, that we embarked upon over the last decade and which is now yielding positive results. Additionally, the approval will facilitate the expansion of the Ojaja supermarket chain across Nigeria. Currently, we are set to open the largest integrated shopping mall in Lagos—a comprehensive commercial hub for human capital development and Artificial Intelligence-driven trade leads, the first of its kind in Nigeria”.

Also, the sponsor of the CP Programme on the Exchange, Comercio Partners Capital Limited (“Comercio Partners”), through its Managing Director, Mr. Steve Osho, commented “Comercio Partners is proud to have successfully facilitated the registration of Ojaja Pan Africa Limited’s ₦10.00 billion CP Programme. This milestone underscores our commitment to driving financial innovation and empowering high-potential businesses across Nigeria. As a firm dedicated to providing strategic advisory and capital-raising solutions, we recognise the transformative impact of this funding on Ojaja’s agricultural and commercial expansion—an endeavour that aligns seamlessly with our mission to support burgeoning enterprises that contribute to Nigeria’s economic growth. This transaction further reflects our vision of bridging capital gaps for dynamic businesses, fostering sustainability, and unlocking value across key sectors. We remain steadfast in our role as a catalyst for growth, and we look forward to witnessing the far-reaching benefits of this initiative for Nigeria’s agricultural value chain and beyond.”

This milestone, achieved through the Exchange’s Securities Admission Service, underscores FMDQ Exchange’s ongoing commitment to providing a responsive and well-regulated platform for the registration, quotation, and trading of debt securities. By supporting credible corporate issuers such as Ojaja, FMDQ Exchange continues to champion market development, deepen liquidity, and bolster investor confidence in Nigeria’s capital market.

FMDQ Group PLC is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading platform, clearing & central counterparty, and settlement services for financial markets 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 PLC, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.