In February 2026, NGX recorded its first-ever Commercial Paper listing — admitting Dangote Cement's ₦119.87 billion issuance to its platform.
The papers were admitted under Dangote Cement's ₦500 billion Commercial Paper Issuance Programme, with implied yields of 17.50% and 19% respectively.
This is a big deal. Corporate debt was previously traded over-the-counter with little transparency. Exchange-listed CPs introduce price discovery, tradability, and access for pension funds and asset managers — a potential game-changer for companies needing cheaper short-term capital.
As Nigeria's fixed-income market deepens alongside equities, does this change where YOU allocate capital — stocks, bonds, or both?
The papers were admitted under Dangote Cement's ₦500 billion Commercial Paper Issuance Programme, with implied yields of 17.50% and 19% respectively.
This is a big deal. Corporate debt was previously traded over-the-counter with little transparency. Exchange-listed CPs introduce price discovery, tradability, and access for pension funds and asset managers — a potential game-changer for companies needing cheaper short-term capital.
As Nigeria's fixed-income market deepens alongside equities, does this change where YOU allocate capital — stocks, bonds, or both?