Committed to fostering economic development by championing market-driven strategic initiatives, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), Nigeria’s largest Exchange by market turnover, is pleased to announce the approval for the registration of AOS Orwell Limited ₦8.00 billion Commercial Paper (CP) Programme on its platform. The successful registration of this CP Programme demonstrates FMDQ Exchange’s continued efforts to promote market development and make the markets within its purview globally competitive.

AOS Orwell Limited (“AOS Orwell” or the “Company”) is a one-stop-shop for the oilfield servicing industry in Nigeria that provides integrated, end-to-end services in production, drilling, workover and abandonment. The Company’s expertise also covers Process Automation, Electrical Power, Operations & Maintenance and Oilfield Tubular solutions. This CP Programme, which is sponsored by Cedrus Capital Limited (Lead Sponsor), AVA Capital Partners Limited, NOVA Merchant Bank Limited and Greenwich Merchant Bank Limited (Co-Sponsors) – all Registration Member (Quotations) of the Exchange, strategically positions AOS Orwell to raise short-term finance from the Nigerian CP market at any time deemed suitable, through CP issues, within the approved Programme limit.

As an exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the economy at large, FMDQ Exchange will continue to sustain its efforts in supporting issuers with tailored financing options and promote an efficient, transparent, and well-regulated market, which will attract and retain both domestic and foreign investors.

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.