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Article

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

Nairametrics Sep 16, 2026
Read the original Article page

TL;DR

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.

Intelligence

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

The issuance coincides with a massive surge in the Nigerian debt market, with the Securities and Exchange Commission approving N1.37 trillion in commercial papers in the first ten months of 2025.

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.

Funding extracted from this article

1
Moneda Investment Limited Debt · N6 billion

Regulatory activity extracted

1
Securities and Exchange Commission Approval granted

Tenders extracted

0

No tenders were extracted from this article.

Further reading

More on the companies named in this article.

Companies named

3

People named

3