Nairagram Completes ₦10 Billion Capital Raise to Deepen Financial Connectivity Across Africa
Nairagram, a leading pan-African payments and financial infrastructure company, has...
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Nairagram, a leading pan-African payments and financial infrastructure company, has successfully completed its ₦10 billion Commercial Paper issuance, fully subscribed within 48 hours of going to market.<br />
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The Commercial Paper program received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26, 2026. Following the completion of market preparations on Monday, February 3, 2026, Nairagram officially launched the issuance. By Wednesday, February 4, the entire ₦10 billion offer had been fully subscribed, with completion finalized on Thursday, February 5, 2026 — underscoring strong investor confidence in the company’s strategy, governance, and growth trajectory.<br />
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Proceeds from the issuance will support Nairagram’s operations across 37 African countries, accelerate expansion, and deepen its presence in key markets including Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea-Conakry, Cameroon, Kenya, and Uganda, among others.<br />
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Building on this momentum, Nairagram disclosed plans to raise up to ₦50 billion in 2026 through a combination of capital market instruments to further strengthen its balance sheet, expand product capabilities, and scale its pan-African payments infrastructure.<br />
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Speaking on the significance of this milestone, Idris Ibrahim, President and Co-Founder of Nairagram, said:<br />
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“This successful Commercial Paper issuance is a strong validation of Nairagram’s vision and execution. The speed and scale of the subscription reflect institutional confidence not only in our business, but in the broader opportunity to build resilient, African-owned financial infrastructure that supports trade, remittances, and economic growth across the continent.”<br />
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Also speaking on the transaction, Gbolahan Obanikoro, Co-Founder of Nairagram, stated:<br />
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“As global financial infrastructure continues to evolve, there is a clear opportunity to build scalable pan-African payment platforms capable of operating at both continental and international scale. This transaction demonstrate...
