- Dangote Industries Limited, MTN other big companies raised over N200 billion through commercial papers in 2 months.
- The funds raised from high-net-worth and institutional investors will finance the companies’ operations and expansion plans
- The successful fundraising indicates a strong investor appetite for investments in Nigerian companies
Dangote and several other major Nigerian companies have raised N245 billion in just the first two months of 2023 by issuing commercial papers to investors.
The commercial papers were sold to institutional investors, high-net-worth individuals, and other corporate entities.
