Firm Raises N100.08bn To Boost Working Capital, Growth

Pivot Integrated Energy Services Limited has raised N100.08 billion through its Series 1 Tranche A – D Commercial Papers to support its working capital requirements and the continued growth of its operations in Nigeria’s energy sector.
The Commercial Papers (CPs) were issued under the company’s N300.00 billion CP Programme and have been approved for quotation on FMDQ Securities Exchange Limited.
The net proceeds from the issuance will be deployed to meet the Issuer’s working capital needs and to sustain the expansion of its business operations.
Commercial Paper is a short-term debt instrument issued by a company to raise quick funds for its day-to-day operational needs.
Speaking o...