Finceptive Limited, a provider of supply chain financing solutions in Nigeria, has announced the successful completion of its N3bn Series 1 commercial paper issuance under its registered N20bn programme with FMDQ Securities Exchange.
The issuance, which opened on May 6 and closed on May 12, 2025, was oversubscribed by institutional investors, reflecting market confidence in the company’s operational performance, governance structure, credit profile, and long-term growth strategy.
In a statement made available to our correspondent on Monday, this marks Finceptive’s debut in the Nigerian debt capital market with a 268-day tenor commercial paper. The company noted that the proceeds from the issuance would be deployed to enhance working capital, support operational expansion, and position the business to take advantage of new growth opportunities in Nigeria’s evolving supply chain finance space.
The Group Chief Executive Officer of Finceptive Limited, Ogochukwu Anerobi, stated that “this milestone is more than just a successful raise; it’s a resounding signal that the market believes in what we’re building.
We’re not just financing supply chains; we’re redefining how businesses access the capital they need to grow.”
Finceptive provides supply chain finance solutions to vendors and suppliers of Nigeria’s corporations, cutting across fast-moving consumer goods, manufacturing, telecommunications, and financial services.
