FMDQ approves Accion Microfinance N2.02B CP, Payaza seeks N50B
FMDQ Securities Exchange approved Accion Microfinance Bank's N2.02 billion Series 1 Commercial Paper under its N5 billion programme, enabling cost-effective short-term funding for micro-entrepreneurs. Payaza Africa seeks N50 billion through its own CP issuance, highlighting growing corporate appetite for capital market funding. The N2.02B issuance, sponsored by FBNQuest, is oversubscribed, strengthening Accion's lending capacity and financial inclusion efforts.
SOURCE: https://nairametrics.com/2026/02/26/fmdq-admits-accion-microfinance-banks-n2-02bn-commercial-paper/