The Nigerian Exchange (NGX) has broadened its suite of capital market products with the formal introduction of Commercial Paper (CP) listings, marking a significant milestone in efforts to deepen the nation’s financial markets and enhance access to short-term funding for corporates.
The new product category is designed to provide companies with a credible, transparent, and efficient platform to raise short-term capital, while offering investors a wider array of low-risk, fixed-income investment opportunities. By bringing Commercial Paper instruments onto its board, NGX aims to boost market liquidity, improve price discovery, and strengthen corporate financing options.
According to NGX, the expansion aligns with its commitment to innovation and market development, ensuring that issuers and investors benefit from global best practices in securities listing, regulation, and disclosure. The introduction of CP listings is expected to attract more corporate issuers seeking diversified funding channels, particularly those looking to manage working capital and short-term obligations more effectively.
Market analysts say the development will further reinforce investor confidence and support Nigeria’s broader economic goals by enabling more efficient capital mobilisation within the private sector.
With the addition of Commercial Paper listings, NGX continues to position itself as a forward-looking exchange, advancing initiatives that foster market depth, transparency, and sustainable growth.
