NGX Captures Just 14% Of N1.51trn Commercial Paper Market As Issuers Stay Off Exchange

Only N216.1 billion of the N1.51 trillion raised through commercial papers in Nigeria between January and September 2026 was listed on the Nigerian Exchange Limited (NGX), about 14 per cent of the market, with most issuers choosing to stay off the Exchange.
The N216.1 billion listed on NGX represents a fraction of the N1.51 trillion raised across 131 commercial paper series by 60 issuers during the nine-month period, according to the Q3 2026 Nigerian Commercial Paper Market Report released by the Exchange.
The report showed that the market raised N506.4 billion in the third quarter alone, underscoring the growing role of commercial papers in meeting companies’ short-term financing nee...