Firm gets approval for N200b commercial paper
Naija News • 1h ago
**N200billion Boost for Nigerian Exporter: Sunbeth Secures Commercial Paper Approval**
In a significant development for the Nigerian agricultural sector, Sunbeth Global Concepts Limited has received approval to establish a massive N200 billion Commercial Paper Programme. The Programme, which aims to support the company's working capital requirements, is set to finance contractual obligations and inventory procurement for its export operations.
**A Giant in Nigeria's Agricultural Export Ecosystem**
Sunbeth, a leading exporter of cocoa beans and cashew nuts, has been a major player in Nigeria's agricultural export ecosystem since its establishment in 2017. The company has successfully exported over 200,000 metric tons of cocoa beans and 60,000 metric tons of cashew nuts to international markets, with a revenue of over N600 billion in 2025. Sunbeth works closely with over 30,000 farmers and collaborates with more than 250 local buying agents across Nigeria, solidifying its position as a major force in the sector.
**A Strong Signal from the Capital Markets**
The approval of Sunbeth's Commercial Paper Programme is a testament to the company's sound credit fundamentals and disciplined capital strategy. According to Nzubechukwu Anisiobi, Chief Operating Officer of Sunbeth, the Programme reflects the confidence of the capital markets in the company's governance standards, earnings resilience, and robust risk management discipline. This confidence is further underscored by Sunbeth's impressive ratings from leading credit rating agencies, including DataPro and GCR.
**Positioning for Growth in a Thriving Market**
With global cocoa demand on the rise and Nigeria's export profile expanding, Sunbeth is poised to consolidate its lead in the sector. The company's integrated operating model, which spans sourcing, warehousing, logistics, hedging, and export execution, has enabled it to maintain diversified offtake agreements and price-risk management frameworks. This strategic approach has helped to reduce earnings volatility and protect downside exposure, solidifying Sunbeth's position as a leading player in Nigeria's agricultural export ecosystem.
**Conclusion**
The approval of Sunbeth's N200 billion Commercial Paper Programme is a significant development for the Nigerian agricultural sector. With its strong credit fundamentals, disciplined capital strategy, and impressive ratings, Sunbeth is well-positioned to continue its growth trajectory in a thriving market. As the company looks to consolidate its lead in the sector, the Programme is set to provide the necessary funding to support its working capital requirements and drive further expansion.