• 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 Business News

Magnificent Multiservices lists N20 billion commercial paper on FMDQ

Chris Ugwu by Chris Ugwu
October 3, 2022
in Business News
Magnificent Multiservices Limited
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

Polysmart SPV Limited to Raise N2 Billion via Green Non-Interest Commercial Paper 

Polysmart SPV Limited to Raise N2 Billion via Green Non-Interest Commercial Paper 

April 28, 2025
C&I Leasing issues N10 billion commercial paper: Takeaways for investors

C&I Leasing issues N10 billion commercial paper: Takeaways for investors

March 12, 2025

Magnificent Multiservices Limited has registered the N20 billion series 1 Commercial Paper (CP) Programme on the FMDQ Securities Exchange platform. 

According to a statement from the company, with N5 billion accessed already, the procedure will be used for the company’s proposed city and estate developments through Raedial Homes.  

What the company is saying 

  • Speaking on the development, the chief executive officer, Magnificent Multiservices Limited, Uwadiale Agenmonmen said: “The CP will be used to support our enterprise on many fronts, but largely in solving the building collapsing issues that seem to be currently plaguing Nigeria. 
  • “Experience has taught us that each time a building collapses in Nigeria, built environment professionals in other parts of the world tend to doubt the competence of professionals in the Nigerian Building Industry. Building collapse is a global phenomenon, but the frequency at which buildings collapse in Nigeria has attracted worldwide concern about the need to assist this country to improve its safety performance. We are ready to take on the challenge.” 
  • “Our milestone debut market entry will emphasize the necessary collaboration between private entities and debt capital markets, as it enables us to pursue our multi-pronged growth strategy of optimizing our operations and assets, expanding our footprint, and revolutionizing the real estate sector.  
  • To commemorate the debut on FMDQ Exchange, a director in Magnificent Multiservices Limited, Claris Agenmonmen in a statement also said, “We are extremely pleased, as this will be another step for us to expand and find solutions to some of the real estate problems Nigerians face daily. The success of this issue and subsequent listings are significant indicators of increasing investor confidence in our company’s reputation, brand, and performance.  
  • “With the 20 billion commercial paper, we intend to go into full development of smart cities and smart homes through Raedial Homes, which is our development subsidiary.” 
  • “The quotation of the CP was sponsored by Keystone Bank Limited and issued through Qualinvest Capital Limited. The paper positioned Magnificent Multiservices Limited to raise short-term finance easily and quickly from the Nigerian debt markets. The company will also benefit from FMDQ Exchange’s diversified market stakeholders, its responsive and efficient listing and quotation processes, and credible benchmark pricing required for appropriate portfolio valuation, amongst others”. 

Follow us for Breaking News and Market Intelligence.
Tags: BusinessCommercial Paper
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

Polysmart SPV Limited to Raise N2 Billion via Green Non-Interest Commercial Paper 
Companies

Polysmart SPV Limited to Raise N2 Billion via Green Non-Interest Commercial Paper 

April 28, 2025
C&I Leasing issues N10 billion commercial paper: Takeaways for investors
Financial Analysis

C&I Leasing issues N10 billion commercial paper: Takeaways for investors

March 12, 2025
How Sujimoto secured N20 billion in Commercial Paper to fuel expansion 
Companies

How Sujimoto secured N20 billion in Commercial Paper to fuel expansion 

March 11, 2025
Dangote sugar
Financial Analysis

Dangote Sugar’s latest commercial paper: strategic move or rising risk? 

February 19, 2025
Top 10 states
Business News

Nigeria’s PMI rises marginally in August as businesses contend with renewed inflationary pressures- Report 

September 3, 2024
Dangote Sugar
Equities

Dangote Sugar issues N100 billion commercial papers at 20.65%, 21.17% rates

May 21, 2024
Next Post
NDLEA uncovers N8.8 billion worth of tramadol in Lekki mansion belonging to chairman of Autonation Motors 

NDLEA uncovers N8.8 billion worth of tramadol in Lekki mansion belonging to chairman of Autonation Motors 

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

  • University Staff Union slams FG over delayed salaries, demands harmonised payment structure 
  • CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 
  • NRC partners five tertiary institutions to boost railway tech skills, reduce foreign training 

Follow us on social media:

Recent News

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

June 30, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 

June 30, 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