FMDQ Securities Exchange Limited has approved the quotation of Sunbeth Global Concepts Limited's N150.41 billion Series 1 to Series 3 Commercial Papers under its N200 billion Commercial Paper Programme. The total issuance amounts to N150.41 billion and marks one of the significant multi-series commercial paper transactions in Nigeria's capital markets. Sunbeth Global Concepts Limited is an agro-commodities sourcing, trading, and processing company with an expanding presence in Nigeria's agricultural export sector.
The proceeds from the issuance will be used to strengthen Sunbeth's working capital, fund strategic business expansion, and improve its overall financial position. The transaction was supported by Chapel Hill Denham Partners Limited, FBNQuest Merchant Bank Limited, and Meristem Capital Limited, all Registration Members (Quotations) on FMDQ Exchange.
Tumi Sekoni, group chief operating officer of FMDQ Group Plc, said the quotation reflects the depth and maturity of Nigeria's capital markets. She stated that FMDQ Exchange remains committed to providing a transparent and regulated platform for corporates to access financing. Sekoni added that Sunbeth's issuance demonstrates growing investor confidence in well-structured Nigerian corporate debt instruments.
Sunbeth has positioned itself as a key player in Nigeria's agricultural value chain, with a focus on sustainable value creation and contribution to national economic development. The company's access to market-based financing highlights a shift among Nigerian corporates toward alternative funding sources beyond traditional bank loans.
Sunbeth secured a N150.41 billion commercial paper quotation while operating in an agricultural sector where most agribusinesses struggle to access even basic credit. The ease of this transaction contrasts sharply with the financing hurdles faced by smaller players in the same value chain. If market-based funding is this accessible to one company, the gap in financial inclusion among Nigeria's broader agro-sector is not about viability but about structure and access. This raises questions about who really benefits when such large private issuances dominate the capital markets narrative.
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