Reinforcing its role as a key enabler of Nigeria’s financial markets, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) continues to drive market transparency, operational efficiency, and sustainable growth in the debt capital markets. In line with its mission to provide a credible and dynamic platform for capital formation, FMDQ Exchange is pleased to announce the approval of Citibank Nigeria Limited’s ₦300.00 billion Commercial Paper (CP) Programme on its platform.

Citibank Nigeria Limited (“Citibank” or the “Issuer”) is a subsidiary of Citigroup Inc., a globally recognised financial institution operating in over one hundred and sixty (160) countries. Citibank serves corporate and institutional clients, offering a broad spectrum of financial services, including corporate banking, treasury and trade solutions, investment banking, and risk management. With a strong track record in foreign exchange transactions, cash management, and structured finance, Citibank plays a crucial role in supporting multinational corporations, financial institutions, and government entities. The ₦300.00 billion CP Programme, sponsored by Stanbic IBTC Capital Limited, a Registration Member (Quotations) of the Exchange, enhances Citibank’s ability to access short-term funding while increasing its visibility within the Nigerian debt capital markets. This registration also provides investors access to a high-quality issuance backed by a reputable global financial institution.

As Nigeria’s foremost Securities Exchange by market turnover, recording an annual average of approximately ₦203.29 trillion over the past eleven years, FMDQ Exchange remains dedicated to fostering a resilient and efficient marketplace. By facilitating access to capital for businesses across various sectors, the Exchange supports economic development, deepens market liquidity, and creates opportunities for both issuers and investors.

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.