Yemisi Izuora
In continued demonstration of its unwavering commitment to deepening the Nigerian capital markets,
The FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the quotation of SKLD Integrated Services Limited’s ₦0.86 billion Series 1 and ₦6.44 billion Series 2 Commercial Papers (CPs) under its ₦10.00 billion CP Programme.
This is in line with its efforts in strengthening Nigeria’s Logistics Sector.
This approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s role as a trusted and efficient platform and highlights the growing adoption of market-based financing solutions by corporates operating across key sectors of the Nigerian economy, including logistics and supply chain services.
SKLD Integrated Services Limited is a leading provider of integrated logistics and supply chain solutions across Nigeria, offering services that span fleet management, warehousing, haulage, and distribution.
Through its operations, the Issuer supports the movement of goods and the efficient functioning of supply chains across multiple sectors of the economy.
The net proceeds from these CP issuances, sponsored by Mulberry Advisory Services Limited (Lead Sponsor), AIICO Capital Limited and Apel Asset Limited, all Registration Members (Quotations) of FMDQ Exchange, will be utilised to strengthen SKLD’s working capital position, fund operational expansion, and enhance the Issuer’s capacity to deliver world-class logistics solutions across Nigeria.
Commenting on the CP quotation, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group PLC, stated: “The quotation of SKLD Integrated Services Limited’s Commercial Papers on FMDQ Exchange highlights the broadening appeal of Nigeria’s capital markets to issuers across critical sectors of the economy.
Logistics and supply chain infrastructure are foundational to sustainable economic growth, and FMDQ Exchange is proud to provide SKLD with a credible and efficient platform to access short-term funding.
This transaction further demonstrates our commitment to connecting well-structured corporate issuances with Nigeria’s growing investor community, while reinforcing the Exchange’s role as a catalyst for capital market development.” FMDQ Exchange remains committed to transforming Nigeria’s capital markets by providing a dynamic and sustainable platform that supports growth and innovation. With a strong focus on regulatory excellence and technology-driven solutions, the Exchange continues to foster a secure, transparent, and efficient marketplace for issuers and investors. Through its broad range of market services, FMDQ Exchange empowers stakeholders to unlock capital, stimulate economic growth, and achieve sustainable long-term value.