FMDQ Exchange Admits Babban Gona N15bn Commercial Paper

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FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the registration of the Babban Gona Farmer Services Nigeria Limited N15 billion Commercial

The approval came through FMDQ Exchange Board Listings and Markets Committee, a statement issued at the weekend explained.

Speaking on the successful registration of the CP Programme, the managing director, Babban Gona Farmer Services Nigeria, Mr Bukola Masha, stated: “we are an agricultural franchise, committed to curbing the growing trend of poverty and violence in Africa by creating opportunities of dignified and fulfilling work for the rural farmer youths.

“We aim to make farming more profitable for smallholder farmers as we support them across the entire production chain.”He stated that, “with the successful registration of this N15 billion CP Programme, we are a step closer to achieving this goal; we are delighted at the opportunity to diversify our short-term funding sources. Also, we look forward to the participation of the investment community when we launch Series 1 of the CP Programme.

The sponsor of the CP Programme and a registration member of the Exchange, FCMB Capital Markets Limited, through its acting managing director, Mr Abimbola Kasim, expressed pleasure in the successful transaction. According to Kasim, FCMB Capital Markets is pleased to have sponsored the registration of the Babban Gona CP Programme. Babban Gona is an impact company, operating in the agriculture space.

 

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