Nigerian companies shun IPOs, raise N111bn via CPs

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investigations reveal that the value of CP issuances in recent times has risen to N128.25 billion thus far in 2022 with at least 21 companies raising about N111.34 billion.

Data obtained from FMDQ Exchange revealed that five companies quoted in January raised CP worth N5.52 billion and 14 in February quoted a total value of CPs worth N97.82 billion, while 3 companies quoted in March have so far raised N8 billion.

Others include DLM Capital, Coronation Merchant Bank, DLM Capital, Skymark Partners Limited, FBNQuest, NECIT Nigeria and United Capital.

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