FMDQ Exchange Approves ₦100.08bn Commercial Papers by Pivot Integrated Energy

FMDQ Securities Exchange Limited has approved the quotation of ₦100.08 billion worth of commercial papers issued by Pivot Integrated Energy Services Limited under its ₦300 billion Commercial Paper Programme, providing the energy services company with access to short-term funding to support its working capital needs and business expansion.

Pivot Integrated Energy Services Limited (“Pivot Integrated Energy” or the “Issuer”) is an energy services company operating within Nigeria’s energy sector. The net proceeds from this CP issuance, sponsored by Pathway Advisors Limited (Lead Sponsor), with AIICO Capital Limited, Coronation Merchant Bank Limited, FCMB Capital Markets Limited, First Ally Advisory Limited, FSDH Capital Limited, Greenwich Capital Markets Limited, United Capital PLC, Rand Merchant Bank Nigeria Limited, and Quantum Zenith Capital & Investments Limited as Co-Sponsors, all Registration Members (Quotations) of FMDQ Exchange, will support the Issuer’s working capital requirements and the continued growth of its operations.

Commenting on the CP quotation, Mr. Dipo Omotoso, Divisional Head, Information Services, FMDQ Exchange, stated, “The quotation of Pivot Integrated Energy Services Limited’s CPs, supported by a broad syndicate of sponsors, underscores the importance of Nigeria’s CP market in providing corporates with access to short-term funding to meet their operational and business needs. Through its efficient and transparent market infrastructure, FMDQ Exchange continues to facilitate issuers’ access to the debt capital market, and we are pleased to support Pivot Integrated Energy as it leverages this funding opportunity to advance its business objectives.”

Through its robust listings and trading infrastructure, FMDQ Exchange continues to facilitate access to short-term financing opportunities for corporates across various sectors with an avenue to mobilise capital for their business needs. Supported by strong governance standards, transparency and market integrity, the Exchange remains committed to fostering an efficient, accessible marketplace that supports corporate financing, investor participation and the continued development of Nigeria’s financial markets.

FMDQ Group PLC (“FMDQ Group” or the “Group”) is Africa’s first vertically integrated FMI group, strategically positioned to provide end-to-end services across the financial markets value chain. The Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing and central counterparty, and settlement services for financial markets transactions; securities depository services; and market data and information services, across the debt capital, foreign exchange, derivatives, and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

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