• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate deals

FMDQ Exchange admits Lekki Gardens Estate N25 billion Commercial Paper

Chris Ugwu by Chris Ugwu
June 21, 2022
in Corporate deals
Richard Nyong, CEO of Lekki Gardens Estate Limited
Share on FacebookShare on TwitterShare on Linkedin

FMDQ Exchange through its Board Listings and Markets Committee, has approved the registration of the Lekki Gardens Estate Limited N25.00 billion Commercial Paper (CP) Programme on its platform.

FMDQ in a statement said it continues to propel businesses, corporates, and government entities to achieve their strategic objectives and ensure prosperity within the Nigerian financial markets and wider economy.

What they are saying

Speaking on the successful CP Programme registration, the Managing Director/Chief Executive Officer, Lekki Gardens Estate Limited, Mr. Richard Nyong said, “Lekki Gardens is pleased to announce the registration of her N25.00 billion CP programme.

RelatedStories

FMDQ

FMDQ Exchange suspends security admission services in the Nigerian commercial paper market 

January 2, 2025
Naira , dollar, exchange rate

Naira falls by 6.83% in I&E Window amid inflation increase 

October 16, 2024

“As a leading player in the real estate sector, we appreciate how critical sustained access to steady sources of funding is to real estate development. The approval of this CP programme by the FMDQ Exchange represents a significant milestone in our near-term growth aspirations and further enhances our capacity to unlock value for all our stakeholders”.

According to the Executive Director, Business Support & Corporate Services, Lekki Gardens Estate Limited, Ms. Emily Atebe, “Lekki Gardens remains strongly committed to enabling the greatest number of people make the most value of their property and property related investments as we contribute our quota to closing the critical gap in home ownership and development. This issuance is in line with our strategy to diversify our financing options as we continue to deliver on our commitment while efficiently managing our cost of funds”.

Equally, the Managing Director/Chief Executive Officer, Boston Advisory Limited, Mr. Rotimi Balogun mentioned that “real estate companies represent one of the most attractive investment options and should leverage the debt capital market for effective pricing, good stability, growth capital and enhanced capital structure.

I am therefore pleased to announce the registration of the N25.00 billion Commercial Paper Programme Issuance for a premium real estate company, Lekki Gardens Estate Limited, in our capacity as Sponsor, Arranger, Dealer and IPA.

For my team and I, this registration is a success from all standpoints. And we believe that the groundbreaking transaction in the real estate space will further assist Lekki Gardens in its drive to be the leading real estate development and management company in Africa’s largest market”.

The Senior Vice-President, Investment Banking, Boston Advisory Limited, Mr. Adekunle Alade also commented that “we are very delighted on the approval of the N25.00 billion Commercial Paper Issuance Programme for Lekki Gardens Estate Limited.

“The registration of this CP Programme strategically positions Lekki Gardens Estate Limited to access short term funding at a lower rate from the debt capital market and quickly complete its various on-going housing projects”.

What you should know

  • Lekki Gardens Estate Limited is an independent luxury real estate company in Nigeria that provides innovative real estate solutions in the areas of property development, facility management and sales of real estate products and services with special skills in service delivery.
  • The CP Programme, which is sponsored by Boston Advisory Limited – a Registration Member (Quotations) of the Exchange, positions the Issuer to raise short-term finance from the Nigerian debt capital market (DCM), through CP issues within its CP Programme limit.

Follow us for Breaking News and Market Intelligence.
Tags: FMDQ ExchangeLekki Gardens Estate
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Related Posts

FMDQ
Equities

FMDQ Exchange suspends security admission services in the Nigerian commercial paper market 

January 2, 2025
Naira , dollar, exchange rate
Currencies

Naira falls by 6.83% in I&E Window amid inflation increase 

October 16, 2024
FCMB lists N20.69 billion bond on the FMDQ Exchange platform
Breaking News

FMDQ Exchange admits Hartleys Supermarket & Store Limited Commercial Paper

May 16, 2023
FMDQ, Cardinal Stone
Business News

FMDQ Exchange admits CardinalStone Partners Commercial Paper

May 13, 2023
Nigerian Breweries quotes additional series of Commercial Papers on the FMDQ Exchange 
Fixed Income

Nigerian Breweries taps into FMDQ for funding boost

May 11, 2023
Flour Mills to raise another N55 billion in commercial papers
Company News

Flour Mills of Nigeria quotes N64.97 billion commercial papers on FMDQ Exchange’s platform

April 5, 2023
Next Post
FEC okays N5.4 billion for gas parks, airport security project, Land border closure, daily fuel consumption drops by 8 million litres 

$13 billion Trans-Saharan pipeline to boost Nigerian gas in European markets - Sylva

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Fintech startup Hizo raises $100,000 in Friends & Family Round to boost Intra-Africa transactions 
  • Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 
  • UK says Nigeria will continue to enjoy duty-free access on 99% of exports  

Follow us on social media:

Recent News

Fintech startup Hizo raises $100,000 in Friends & Family Round to boost Intra-Africa transactions 

Fintech startup Hizo raises $100,000 in Friends & Family Round to boost Intra-Africa transactions 

June 20, 2025
Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 

Dangote Plant: Dantata and Sawoe accused of failing to settle $1.4 million debt terms 

June 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics