FMDQ Exchange Supports Infrastructure Development with the Registration of Julius Berger Nigeria PLC Commercial Paper Programme  

Share This Article
Share on facebook
Share on linkedin
Share on twitter
Share on email

FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), the largest securities exchange in Nigeria by market turnover, through its Board Listings and Markets Committee, has approved the registration of the Julius Berger Nigeria PLC ₦30.00 billion CP Programme on the Exchange. This feat demonstrates FMDQ Exchange’s positioning as the preferred platform for debt securities, and further reinforces the Exchange’s commitment to enhancing access to capital for infrastructure development for the good of the Nigerian economy at large, though its credible and transparent platform.   

Julius Berger Nigeria PLC (“Julius Berger” or the “Issuer”) is a leading Nigerian company offering holistic services such as planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects. The CP Programme, which is sponsored by Stanbic IBTC Capital Limited (Lead Sponsor) and FCMB Capital Markets Limited – both Registration Member (Quotations) of FMDQ Exchange, will avail the Issuer, the opportunity to raise short-term finance from the Nigerian debt markets through CP issuances within the Programme limit. 

The Managing Director, Julius Berger, Dr. Lars Richter, commented on the successful CP Programme registration, stating “Julius Berger is pleased to have completed the establishment of its ₦30.00 billion CP Issuance Programme on FMDQ Exchange. The establishment of the CP Programme will enhance Julius Berger’s long-term strategy to boost financial flexibility and strengthen its competitive advantage in the construction sector. Issuance of commercial papers will support the Company’s short-term capital and funding requirements, enabling the Company diversify funding sources and unlock more value for stakeholders.” 

Equally speaking on the significance of the successful issuance, the lead sponsor of the CP Programme and a Registration Member (Quotations) of the Exchange, Stanbic IBTC Capital Limited, represented by its Chief Executive, Mr. Funso Akere, said “Stanbic IBTC Capital Limited is pleased to have advised Julius Berger on the establishment of its inaugural ₦30.00 billion CP Issuance Programme, which will enable it access competitively priced short-term funding from institutional investors. Julius Berger plans to issue CPs on various tenors under the Programme in order to optimise its funding costs and diversify its funding sources.” 

Also, the co-sponsor of the CP Programme, FCMB Capital Markets Limited, through the Head, Debt Solutions, Mr. Ikechukwu Omeruah, stated “FCMB Capital Markets Limited is pleased to have acted as co-sponsor to the registration of Julius Berger’s debut CP Programme on FMDQ Exchange. Julius Berger is a household name in the Nigerian lexicon, playing a prominent role in the development of the country’s infrastructure. The establishment of the CP Programme provides a platform for the Company to diversify sources of debt funding to include non-bank investors, thereby increasing resources available for strategic planning while also reducing average cost of borrowing.” 

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. 





More Articles

FMDQ Exchange Admits Chapel Hill Denham Series 9 Nigeria Infrastructure Debt Fund on its Platform

FMDQ Exchange Lists Lagos State Government ₦19.82 billion Forward Ijarah Lease Sukuk on its Platform

FMDQ Exchange Admits Lionseal Industries Limited’s ₦10.00 Billion Commercial Paper Programme on its Platform

FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…

Dear Subscriber,

Thank you for your interest in staying connected with us! Before proceeding, please take a moment
to read and acknowledge the terms and conditions below:

1. Privacy Policy: Your privacy is important to us. We will handle your personal information responsibly and in accordance with our Privacy Policy. You can review our Privacy Policy here.

2. Email Communications: By subscribing, you consent to receiving email communications from us. These may include newsletters, product and service brochures, and other relevant updates.

3. Subscription Confirmation: You will receive a confirmation email shortly. Please click on the provided link to confirm your subscription. This step ensures your interest in receiving emails from us.

4. Unsubscribe Option: Every email communication you receive will include an option to unsubscribe. If you ever wish to stop receiving our email communications, you can do so by clicking the “unsubscribe” link at the bottom of the email.

5. Age Verification: By subscribing, you confirm that you are 18 years old or the legal age of majority in your jurisdiction.

6. Frequency: We strive to send you relevant content without overwhelming your inbox. You can expect to hear from us [weekly/monthly/occasionally], depending on our content schedule

Please check the boxes below to confirm your consent.
If you have any questions or concerns about our terms and conditions, kindly contact us at


Get access to industry data and reports


Get access to industry data and reports


Get access to industry data and reports


Get access to industry data and reports