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Agro-Eknor Launches N5bn Commercial Paper to Accelerate Agribusiness in Nigeria

Sunday Ehigiator
Leading agribusiness powerhouse Agro-Eknor has launched an N5 billion commercial paper issuance programme on the Financial Market Dealers Quotation (FMDQ).
This transaction, facilitated by United Capital Plc, provides Agro-Eknor with strategic funding to expand its export operations, enhance supply chain efficiency, and unlock greater value for Nigeria’s agricultural sector.
The signing ceremony, held at United Capital Plc, Afriland Towers, Lagos, brought together industry leaders, financial experts, and key stakeholders to celebrate this milestone. It is a testament to investor confidence in Nigeria’s agribusiness sector and highlights the increasing role of alternative financing solutions in supporting sustainable economic development.
The proceeds from this N5 billion issuance will strengthen Nigeria’s competitive edge in global agricultural trade, enhance supply chain efficiency and Improve logistics, processing, and distribution networks while supporting smallholder farmers to expand their production capacity.
Speaking on the significance of this financing, the CEO of Agro-Eknor, Mr Timi Oke, said: “This commercial paper issuance is a testament to Agro-Eknor’s financial strength, credibility, and unwavering commitment to revolutionizing agribusiness in Nigeria.
“This successful issuance is expected to encourage more agricultural enterprises to explore capital market financing as a means to scale operations and increase economic impact.”