Addosser Microfinance Bank Limited has launched a N10 billion Commercial Paper (CP) Issuance Programme, registered on the FMDQ Securities Exchange Limited.
The launch was commemorated by a formal signing ceremony which held on Tuesday April 15 and hosted at the office of the Lead Issuing House, Anchoria Advisory Services Limited.
The Programme, jointly arranged by Anchoria Advisory Services Limited and SCM Capital Limited with Smooth Capital Limited acting as Financial Advisers, provides Addosser with a robust platform to issue Commercial Paper Notes in multiple series.
The Notes will be quoted on FMDQ Securities Exchange and held in electronic form, with settlement through the FMDQ Depository, in alignment with regulatory standards.
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Speaking on the successful registration, Bayo Fabiyi, Managing Director/Chief Executive Officer of Addosser Microfinance Bank, stated: “Addosser Microfinance Bank Limited is pleased to announce the successful registration of our N10 billion Commercial Paper Programme on FMDQ Securities Exchange Limited”.
“This milestone represents a significant advancement in our funding strategy and demonstrates the confidence of the market in our business model and financial stability.
Our journey began in 2008 as a unit Microfinance Bank driven by a vision to provide innovative, and quality microfinance services to individuals and MSMEs. Today, with over 25 branches in Lagos, we have established ourselves as a leading microfinance institution committed to
financial inclusion and economic empowerment,” he said.
“This growth trajectory has culminated in our ability to register this N10 billion CP Programme, which marks a transformative chapter in our story. The CP Programme will enable us to diversify our funding sources, optimise our capital structure, and enhance our capacity to fulfill our mission of providing accessible financial services to micro, small, and medium enterprises. We are committed to utilising this platform to strengthen our position in the microfinance sector while creating sustainable value for all our stakeholders,” Fabiyi noted.
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Furthermore, Sam Chidoka, Managing Director of Anchoria Advisory Services Limited and Co-Lead Issuing House for the Programme, highlighted that this milestone reflects Addosser’s strong fundamentals and market credibility.
Similarly, Alhassan Gwarzo, Executive Director of SCM Capital Limited, Co-Lead Issuing of the CP Programme, also expressed confidence in Addosser’s trajectory.
This successful registration marks a major milestone for Addosser and the Nigerian debt capital market, reflecting the rising investor confidence in the microfinance sector and the increasing appeal of non-traditional financial institutions.
By leveraging structured market-based financing, Addosser sets a precedent for how microfinance banks can tap into the capital markets to diversify funding sources, reduce reliance on conventional banking lines, and access scalable funding. This Programme also highlights the evolving sophistication of Nigeria’s capital markets and presents investors with strong, impact-driven opportunities focused on empowering MSMEs and promoting financial inclusion.
