Driven by a vision to reshape Nigeria’s financial landscape, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), a wholly owned subsidiary of FMDQ Group PLC (“FMDQ Group”), remains committed to advancing financial inclusion and facilitating the efficient mobilisation of capital across strategic sectors. Through its innovative, well-regulated platform, the Exchange enables businesses to seamlessly access the funding required to drive growth and innovation within their various industries. In line with this mission, the Board Listings and Markets Committee of the Exchange has approved the registration of the Polysmart SPV Limited ₦4.00 billion Non-Interest Commercial Paper (NICP) Issuance Programme, on its platform.

Polysmart SPV Limited (the “Issuer”) is a dedicated special purpose vehicle (SPV) established to raise short-term capital through debt instruments, particularly CPs from the Nigerian capital markets. The CP Programme is structured as a NICP, a Shari’ah-compliant short-term financing instrument that operates without the payment of interest, in line with ethical finance principles. The sponsor of the SPV, Polysmart Packaging Limited, is a leading Nigerian manufacturer of flexible packaging materials, providing innovative, high-quality solutions to industries such as food, beverages, pharmaceuticals, and agriculture. Through this Programme, sponsored by Marble Advisory Limited – a Registration Member (Quotations) of the Exchange, the Issuer is strategically positioned to access alternative funding from Nigeria’s debt markets to support its working capital needs and enhance operational efficiency.

By continually driving market-deepening initiatives, FMDQ Exchange plays a critical role in fostering a resilient and inclusive financial ecosystem. Through the provision of a transparent, secure, and dynamic platform, the Exchange not only enhances investor confidence but also empowers issuers to unlock capital for transformative ventures. Leveraging technology-driven solutions and robust regulatory frameworks, FMDQ Exchange remains a catalyst for sustainable economic growth and sector-wide advancement in Nigeria.

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 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, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.