More
    HomeBusinessFirm launches N10bn commercial paper at 21% yield

    Firm launches N10bn commercial paper at 21% yield

    Published on

    MeCure Industries Plc has announced the issuance of a N10 billion, 269-day Series 6 Commercial Paper (CP), part of its N40 billion CP programme.

    The CP is offered at a discount rate of 18.19%, with an effective annual yield of 21%, making it a highly attractive short-term investment option.

    The offer opens on December 9, 2025, and closes on December 12, 2025.

    Investors are required to commit a minimum of N5 million, with subsequent investments in multiples of N1,000.

    The settlement of the issuance will occur on December 14, 2025, with the CP maturing on September 26, 2026, at which point investors will receive their full returns.

    For the nine months ending 30 September 2025, MeCure achieved a 98.6% year-on-year revenue growth, reaching N60.01 billion, a significant leap from N30.22 billion in the same period of 2024.

    This impressive revenue growth was accompanied by a 159% increase in operating profit, which surged to N13.02 billion from N5.03 billion in 9M 2024.

    The company’s EBIT growth is a key indicator as it highlights its ability to manage debt service obligations while expanding its core operations.

    Latest articles

    Prof. Ali Ahmad Scales PDP Governorship Screening, Eyes Kwara Governorship

    Former Speaker of the Kwara State House of Assembly, Prof. Ali Ahmad, has successfully...

    Kogi poly withdraws 229 students over poor academic performance

      Olu Samuel   ‎The Academic Board of Kogi State Polytechnic has approved the first semester results...

    SEC warns public against illegal ponzi scheme promoted on social media

      By Onu Okorie   The Securities and Exchange Commission (SEC) has warned Nigerians against investing in...

    Plateau State Govt presents  draft of reformed laws  

      From Yakubu Wuyep, Jos     Plateau State Government has began the reform and modernization of  State’s...

    More like this

    Prof. Ali Ahmad Scales PDP Governorship Screening, Eyes Kwara Governorship

    Former Speaker of the Kwara State House of Assembly, Prof. Ali Ahmad, has successfully...

    Kogi poly withdraws 229 students over poor academic performance

      Olu Samuel   ‎The Academic Board of Kogi State Polytechnic has approved the first semester results...

    SEC warns public against illegal ponzi scheme promoted on social media

      By Onu Okorie   The Securities and Exchange Commission (SEC) has warned Nigerians against investing in...