SKLD Raises N7.3bn Through Commercial Papers to Expand Logistics Operations

Exchange Limited has approved the quotation of N7.30 billion Commercial Papers (CPs) issued by SKLD Integrated Services Limited under its N10 billion Commercial Paper Programme.

The issuance comprises N860 million Series 1 and N6.44 billion Series 2 Commercial Papers, further highlighting the growing adoption of capital market financing by companies operating in Nigeria’s logistics and supply chain sector.

According to FMDQ Exchange, the proceeds from the issuance, sponsored by Mulberry Advisory Services Limited, will be used to strengthen SKLD’s working capital, support business expansion, and enhance its capacity to deliver logistics and supply chain solutions across the country.

Speaking on the development, Group Chief Operating Officer of FMDQ Group, Ms. Tumi Sekoni, said the successful quotation demonstrates the increasing attractiveness of Nigeria’s capital markets to issuers in critical sectors of the economy.

She noted that logistics and supply chain infrastructure remain vital to sustainable economic growth, adding that FMDQ Exchange is committed to providing credible and efficient funding platforms for businesses seeking short-term capital.

Sekoni further stated that the transaction reflects FMDQ Exchange’s commitment to connecting well-structured corporate issuances with a growing investor base while strengthening its role in the development of Nigeria’s capital market.

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FMDQ Exchange reaffirmed its dedication to promoting innovation, transparency and efficiency in the financial market through technology-driven solutions and regulatory excellence.

SKLD Integrated Services Limited is a major provider of integrated logistics and supply chain services in Nigeria, with operations covering fleet management, warehousing, haulage and distribution. The company supports the movement of goods and supply chain activities across several sectors of the economy.