Ojaja Pan Africa redeems ₦9.06bn Commercial Paper, strengthening investor confidence

Ojaja Pan Africa Limited has reinforced its standing as a financially disciplined Nigerian conglomerate with Pan-African ambitions, following the successful and full redemption of its first two Commercial Paper issuances.

The company redeemed ₦2.15 billion under Series 1 and ₦6.91 billion under Series 2, which matured on 21 November 2025 and 20 February 2026 respectively. These issuances were the debut tranches under Ojaja Pan Africa’s duly registered ₦10 billion Commercial Paper Programme, admitted to the FMDQ Securities Exchange platform.

The timely and complete settlement of both series highlights the company’s strong liquidity position, steady operational cash flows, and deliberate financial planning. For institutional investors, including asset managers, the redemption affirms Ojaja Pan Africa’s credit quality and reliability in meeting obligations as promised.

This achievement carries added weight within Nigeria’s current monetary environment especially with the Central Bank of Nigeria’s Monetary Policy Rate at 27 percent as of September 2025, short-term funding now commands premium pricing, making sound capital management a defining advantage. Ojaja Pan Africa’s ability to generate sufficient internal cash to meet these maturities despite issuing at a period of elevated yields, reflects a proactive funding strategy and a disciplined approach to liability management.

The Commercial Paper market continues to offer a flexible funding route for companies with strong fundamentals, and Ojaja Pan Africa’s smooth entry and exit further validates its prudent use of this channel. With Series 1 and Series 2 now fully redeemed, the company retains significant capacity within its ₦10 billion programme to support future strategic priorities.

The transaction was efficiently structured and executed by Comercio Partners Capital Limited, which acted as Lead Financial Advisers and Arranger, underscoring the firm’s depth in managing complex debt market transactions within Nigeria’s capital market.

Commenting on the milestone, Dr. Ayobami Oyedare, Acting Managing Director of Ojaja Pan Africa Limited, said the successful repayment of both the maiden Series 1 and the approximately ₦6.9 billion Series 2 Commercial Papers reflects the strength of the company’s balance sheet and the discipline underpinning its financial planning. He noted that meeting these obligations in full validates investor confidence and positions the company to deploy the remaining programme capacity toward value-accretive expansion across Africa.

Mr. Stephen Osho, CEO of Comercio Partners Capital Limited, described the redemption as a defining signal to the market, highlighting Ojaja Pan Africa’s execution discipline and balance sheet integrity. He added that completing the transaction during a period of monetary tightening underscores the company’s resilience and capacity to deliver despite shifting economic conditions.

With both Series 1 and Series 2 successfully settled, Ojaja Pan Africa Limited is now focused on aligning future liquidity requirements with long-term strategic objectives, further strengthening its reputation as a credible and dependable participant in Nigeria’s evolving debt capital market.