{"id":21013,"date":"2022-03-18T16:14:14","date_gmt":"2022-03-18T16:14:14","guid":{"rendered":"https:\/\/fmdqgroup.com\/exchange\/fmdq-exchange-welcomes-the-necit-nigeria-limited-series-1-commercial-paper-on-its-platform\/"},"modified":"2022-04-19T11:18:25","modified_gmt":"2022-04-19T11:18:25","slug":"fmdq-exchange-welcomes-the-necit-nigeria-limited-series-1-commercial-paper-on-its-platform","status":"publish","type":"post","link":"https:\/\/fmdqgroup.com\/exchange\/fmdq-exchange-welcomes-the-necit-nigeria-limited-series-1-commercial-paper-on-its-platform\/","title":{"rendered":"FMDQ Exchange Welcomes the NECIT Nigeria Limited Series 1 Commercial Paper on its Platform"},"content":{"rendered":"
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FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or \u201cthe Exchange\u201d) is pleased to announce the approval for quotation of the NECIT Nigeria Limited \u20a62.17 billion Series 1 Commercial Paper (CP) under its \u20a620.00 billion CP Issuance Programme on its platform. NECIT Nigeria Limited (\u201cNECIT\u201d or the \u201cIssuer\u201d) is an indigenous company that deals in the manufacturing of car lubricants and engine oil, as well as the importation and sale of base oil.<\/p>\n

Speaking on the successful CP quotation, the Managing Director\/Chief Executive Officer, NECIT Nigeria Limited, Mr. Emmanuel Iheagwazi stated \u201cNECIT is pleased to announce the quotation of its \u20a62.17 billion Series 1 CP. As a leading indigenous player in the lubricant blending Industry in Nigeria, access to short term funds is critical to meeting our working capital needs. The approval of this Series 1 \u20a62.17 billon CP by FMDQ Exchange represents a major milestone in our near term growth aspirations. And with this support, our capacity to unlock value for all stakeholder has been further enhanced\u201d.<\/p>\n

Also, commenting on the issue, the sponsor of the CP quotation and a Registration Member (Quotations) of the Exchange, Boston Advisory Limited, represented by its Managing Director, Mr. Rotimi Balogun, stated \u201cat Boston Advisory, we remain committed to an all inclusive development of the Nigerian debt capital market; a market where the vast majority of bankable companies in Nigeria will have equal access to short term funds at cheaper rate. We ultimately seek to be a frontliner in arranging growth\/expansion capital for mid-tier companies, and we are indeed delighted to work with NECIT in making this a reality\u201d.<\/p>\n

With a vision to be \u201cthe most attractive Exchange in Africa by 2025\u201d; and a mission to \u201ccollaborate to empower markets for economic progress towards delivering prosperity\u201d, FMDQ Exchange is committed to articulating and pioneering, innovative ways to improve and make the Nigerian financial markets globally competitive, operationally excellent, liquid, and diverse.<\/p>\n

FMDQ Group is Africa\u2019s 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 \u2013 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\u2019s premier Green Exchange \u2013 FMDQ Green Exchange \u2013 positioned to lead the transition towards a sustainable future.<\/p>\n

The post FMDQ Exchange Welcomes the NECIT Nigeria Limited Series 1 Commercial Paper on its Platform<\/a> first appeared on FMDQ Group<\/a>.<\/p>\n

The post FMDQ Exchange Welcomes the NECIT Nigeria Limited Series 1 Commercial Paper on its Platform<\/a> appeared first on FMDQ Group<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or \u201cthe Exchange\u201d) is pleased to announce the approval for quotation of the NECIT Nigeria Limited \u20a62.17 billion Series 1 Commercial Paper (CP) under \u2026<\/p>\n

FMDQ Exchange Welcomes the NECIT Nigeria Limited Series 1 Commercial Paper on its Platform<\/span> Read More \u00bb<\/a><\/p>\n

The post FMDQ Exchange Welcomes the NECIT Nigeria Limited Series 1 Commercial Paper on its Platform<\/a> first appeared on FMDQ Group<\/a>.<\/p>\n

The post FMDQ Exchange Welcomes the NECIT Nigeria Limited Series 1 Commercial Paper on its Platform<\/a> appeared first on FMDQ Group<\/a>.<\/p>\n<\/div>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"page_builder":"","footnotes":""},"categories":[192],"tags":[],"class_list":["post-21013","post","type-post","status-publish","format-standard","hentry","category-fmdq-in-the-news"],"_links":{"self":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/posts\/21013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/comments?post=21013"}],"version-history":[{"count":0,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/posts\/21013\/revisions"}],"wp:attachment":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/media?parent=21013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/categories?post=21013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/tags?post=21013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}