NASD Plc has opened fresh market access for Jilnas Nigeria Limited with the listing of the company’s N3 billion Series 1 Commercial Paper (CP), the debut issuance under its N10 billion CP Programme.
The offer, which opened on August 27 and closed on September 4, 2025, will mature on June 2, 2026.
Arranged by Pathway Advisors Limited, the 270-day Series 1 CP offers a competitive 25 percent annual yield. The funds will support Jilnas’ short-term working capital as the company strengthens its leadership in the edible oil market.
Adekunle Alade, founder and CEO of Pathway Advisors Limited, described the issuance as a landmark milestone that reflects investor confidence in Jilnas’ strong fundamentals, governance, and long-term growth prospects. He appreciated investors for their support and commended NASD for facilitating a seamless listing process.
NASD’s managing director, Eguarekhide Longe, said the listing is a major boost for the private market ecosystem, noting that more credible companies are turning to NASD’s CP platform for transparent and structured access to capital. He added that the increasing pace of listings signals a healthier and more vibrant market.
Market analysts say the momentum in private CP listings enhances investor confidence and enables well-governed businesses to access capital more efficiently.
Founded in 1992, Jilnas Nigeria Limited is a leading indigenous vegetable oil producer. The company has expanded from a 50 TPD operation to a modern processing facility with a 200 TPD solvent extraction plant, three storage silos, a 200 TPD refinery, and a high-capacity roasting unit.
Jilnas continues to post strong financial performance, growing revenue from N12.79 billion in 2021 to N45.57 billion in 2024. The company also maintains an excellent debt-service record, having redeemed over N4.8 billion in earlier commercial paper and private note issuances.
