Ojaja Pan Africa Limited has successfully redeemed a combined ₦9.06 billion in Series 1 and Series 2 Commercial Paper (CP), reinforcing investor confidence and demonstrating balance sheet resilience despite Nigeria’s prevailing high interest rate environment.
The development was disclosed via the verified social media platform of His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, founder and principal of the company — a move that further reflects the monarch’s expanding footprint beyond traditional leadership into structured corporate enterprise.
The redeemed instruments comprise ₦2,149,382,000.00 Series 1 and ₦6,909,152,000.00 Series 2 Commercial Paper issuances, which matured on 21 November 2025 and 20 February 2026 respectively. Both obligations were fully settled.
The issuance represents the debut tranche under the company’s duly registered ₦10 billion Commercial Paper Programme admitted on the FMDQ Securities Exchange platform.
The successful and timely redemption of the short-term debt is significant within the context of Nigeria’s tightening monetary environment. With the Monetary Policy Rate standing at 27 percent as of September 2025, short-term borrowing costs remain elevated, increasing pressure on corporate liquidity management.
Industry observers note that the Commercial Paper market continues to serve as a viable funding alternative for creditworthy corporates. Ojaja Pan Africa’s ability to generate sufficient cash flow to discharge both maturities underscores disciplined liability management and structured financial planning.
The issuance and subsequent redemption were arranged by Comercio Partners Capital Limited, acting as Lead Financial Adviser and Arranger.
Dr. Ayobami Oyedare, Ag. Managing Director of Ojaja Pan Africa Limited, described the milestone as a validation of the company’s financial stability and the confidence reposed in it by institutional investors. He noted that management remains focused on strategically utilising the remaining capacity within the ₦10 billion programme to support value-driven growth initiatives.
Mr. Stephen Osho, Chief Executive Officer of Comercio Partners Capital Limited, also characterised the redemption as a strong signal of corporate resilience and market confidence amid prevailing economic headwinds.
With Series 1 and Series 2 fully discharged, Ojaja Pan Africa Limited retains substantial headroom within its registered programme, positioning the conglomerate for future liquidity alignment with long-term expansion objectives.
For stakeholders in the Nigerian business community, the development not only reflects the increasing participation of indigenous conglomerates in structured debt capital markets, but also underscores the evolving role of Ooni Adeyeye Enitan Ogunwusi, whose corporate engagements continue to position him as a traditional ruler actively participating in modern enterprise and economic development.