Precise Lighting Launches N3.50bn Commercial Paper Initiative on FMDQ Exchange

FMDQ Securities Exchange Limited has approved the listing of FBNQuest Merchant Bank Limited and the registration of Precise Lighting Limited’s N3.50 billion Commercial Paper (CP) Programme on its platform. Precise Lighting, a key player in Nigeria’s LED lighting sector, aims to utilize this CP Programme to enhance financial flexibility and support its growth objectives. With backing from Afrinvest Capital Limited, the registration reinforces the company’s financial robustness and enables access to the capital market for short-term financing. Both Precise Lighting’s CEO, Stephen Onaola, and Afrinvest’s Managing Director, Suru Daniels, expressed their confidence in this initiative as a means to foster investment and advance the company’s operational aspirations. The FMDQ Exchange continues to showcase its commitment to transforming Nigeria’s debt markets by enabling corporates to secure essential funding while providing investors with valuable opportunities.

Precise Lighting Launches N3.50bn Commercial Paper Initiative on FMDQ Exchange

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