Moneda Investment Limited raises N6 billion in an oversubscribed commercial paper debut to finance African natural resource value chains.

Moneda Investment Limited successfully raised N6 billion through its Series 1 Commercial Paper issuance, representing a 120% subscription rate on its initial N5 billion target.

The transaction is the first under Moneda's N30 billion Commercial Paper Programme, marking its transition from private funding networks to public capital markets.

Proceeds from the raise will be deployed to provide alternative credit and operational support to SMEs operating across natural resource value chains in Africa.

Moneda's oversubscribed N6 billion issuance indicates strong investor appetite for alternative credit models in the Nigerian capital market, despite macroeconomic volatility.

For local SMEs in Africa's natural resource sector, this fund injection will likely lead to expanded operational support and credit facilities.

However, the wider corporate sector must navigate the gap between high regulatory debt approvals and actual drawdowns, as evidenced by the SEC's reported 54% utilisation rate.