Nairagram, a leading pan-African payments and financial infrastructure company, has successfully completed a ₦10 billion Commercial Paper issuance, fully subscribed within 48 hours of going to market.
The Commercial Paper programme received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26, 2026. After concluding market preparations on February 3, the company launched the issuance, which was fully subscribed by February 4 and finalised on February 5, 2026.
The company said the rapid subscription reflects strong investor confidence in its governance structure, operational strategy and growth prospects.
Proceeds from the issuance will support Nairagram’s operations across 37 African countries and accelerate expansion in key markets including Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea-Conakry, Cameroon, Kenya and Uganda.
Building on the momentum, the company disclosed plans to raise up to ₦50 billion in 2026 through a mix of capital market instruments aimed at strengthening its balance sheet, expanding product capabilities and scaling its payments infrastructure across the continent.
President and Co-Founder, Idris Ibrahim, described the successful issuance as a validation of the company’s execution strategy and long-term vision.
“The speed and scale of the subscription reflect institutional confidence not only in our business, but in the broader opportunity to build resilient, African-o
wned financial infrastructure that supports trade, remittances and economic growth across the continent,” he said.
Co-Founder, Gbolahan Obanikoro, noted that evolving global financial infrastructure presents opportunities for scalable African-owned payment platforms to operate at continental and international scale.
He said the transaction demonstrates how local capital, sound regulation and strong governance can support the development of sustainable indigenous infrastructure.
Nairagram expressed appreciation to the Central Bank of Nigeria for its regulatory oversight during the process and reaffirmed its commitment to innovation, compliance and long-term value creation.
The company currently processes over $2 billion in payments annually, enabling deposits, mobile money and cash pickups across multiple African markets through a unified API platform.
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