Zitra Investments Limited is elevating N50 billion by way of Commercial Paper (CP) Programme as it seeks further funding to assist lending, geographical growth and funding in digital infrastructure, following progress in buyer deposits to greater than N30 billion within the first 9 months of 2026.
The improvement was disclosed on the programme’s signing ceremony in Lagos, the place the corporate’s administration and transaction advisers disclosed goals for the fund-raising initiative.
The programme gives Zitra with a further capital market financing platform as its buyer deposits and income broaden, strengthening its capability to assist its rising monetary companies companies.
Zitra deposits surpass N30 billion:
Speaking on the signing ceremony, Zitra Investments’ Chief Executive Officer, Babatunde Obadero, stated buyer deposits had elevated considerably over 5 years, offering a stronger basis for the corporate’s entry into the capital market.
Obadero stated the expansion in buyer deposits demonstrated the arrogance clients had positioned within the establishment and offered the platform to discover additional funding alternatives.
- “Today, our customers have demonstrated tremendous trust in us. They have entrusted us with deposits exceeding N30 billion. This demonstrates the confidence they have in our institution and gives us the platform to approach the capital market and explore further opportunities for growth,” he stated.
- Customer deposits elevated from roughly N1.25 billion within the first 9 months of 2021 to greater than N30 billion within the corresponding interval of 2026.
- Revenue additionally grew from roughly N600 million within the first 9 months of 2021 to almost N4 billion in 2026.
- The enhance in deposits represents progress of greater than 24 instances over 5 years, reflecting the growth of the corporate’s buyer base and deposit mobilisation.
- The firm stated the N50 billion programme would assist its monetary companies companies and supply further funding for its operational necessities.
- He defined that Zitra’s enterprise ecosystem contains a microfinance financial institution with alternatives to broaden lending actions and an asset administration firm in search of to strengthen its working capital base.
The proceeds are anticipated to assist the operational and funding necessities of those companies, whereas facilitating geographical growth, rising transaction capability and accelerating funding in digital infrastructure.
The firm, nonetheless, didn’t disclose the quantity it intends to challenge instantly, the maturity interval or the relevant pricing.
Nigerian companies embrace Commercial Paper:
Zitra’s entry into the business paper market comes amid rising reliance on the instrument by Nigerian corporations in search of options to standard financial institution borrowing.
The improvement displays rising curiosity in capital market funding as companies search further financing channels to assist working capital, operational necessities and growth plans.
- Nigerian corporations raised N1.61 trillion by way of business paper issuances in 2025, in accordance to Nairametrics Research.
- The quantity represented a 40% enhance from the N1.15 trillion raised in 2024.
- Commercial paper gives corporations with entry to short-term funding for working capital and different operational necessities.
- The instrument typically has a maturity interval not exceeding one yr, making reimbursement capability and funding prices vital concerns for issuers and buyers.
- For Zitra, the N50 billion programme gives a chance to entry this financing market as its monetary companies operations broaden.
- Managing Director of Mulberry Advisory Services, Suru Daniels, described the programme as an vital step in the direction of strengthening Zitra’s place inside Nigeria’s capital market.
- He stated entry to capital market funding would enhance the corporate’s credibility amongst purchasers, enterprise companions and different market contributors.
- Daniels additionally famous that the programme dimension mirrored Zitra’s ambitions and long-term progress plans.
Mulberry Advisory Services Limited served as Lead Arranger, whereas Duale, Ovia & Alex-Adedipe acted as Legal Adviser. FCMB was appointed Collecting and Paying Agent, with End2End Advisory serving as transaction adviser.
The transaction due to this fact brings collectively a number of capital market contributors to facilitate the corporate’s entry to business paper financing.
Zitra targets lending and digital growth:
The N50 billion programme represents a further financing platform for Zitra as it seeks to broaden its monetary companies operations and strengthen its capability to serve clients.
The firm stated its enterprise ecosystem features a microfinance financial institution and an asset administration firm, with totally different funding necessities supporting their respective actions.
- Zitra’s funding initiative entails a number of capital market and regulatory establishments, together with the Securities and Exchange Commission (SEC), FMDQ and the Nigerian Exchange (NGX).
- Daniels acknowledged their assist, alongside that of the Central Bank of Nigeria (CBN), which regulates an affiliate inside the Zitra group.
- The programme dimension of N50 billion represents the registered financing platform and shouldn’t be interpreted as funds already raised by the corporate.
- For Zitra, the initiative gives one other financing channel as it seeks to construct on buyer deposit progress, broaden lending capability and strengthen its digital monetary companies providing.
The subsequent stage would be the precise issuance of business paper, with the quantity raised, relevant rates of interest and maturity phrases figuring out the funding accessible to assist the corporate’s growth plans.
