NGX records first Commercial Paper listing as Dangote Cement raises N119.87 billion

The Nigerian Exchange Limited (NGX) has recorded its first-ever Commercial Paper (CP) listing, admitting Dangote Cement Plc’s N119.87 billion issuance to its platform on Wednesday, February 18, 2026.

The development was announced by the Exchange, marking the first time in its history that a commercial paper instrument has been formally listed and admitted for trading.

The transaction, which covers Series 1 and Series 2 CPs under Dangote Cement’s N500 billion Commercial Paper Programme, signals a major expansion of NGX’s product suite into exchange-listed short-term corporate debt and introduces a new funding channel for issuers and investors alike.