Nairagram Completes ₦10 Billion Commercial Paper Issuance to Expand Pan-African Payment Network
The capital raised will accelerate Nairagram’s expansion across 37 African countries, deepen its presence in strategic markets, and enhance its institutional-grade payment capabilities.
Nairagram has successfully completed a ₦10,000,000,000 Commercial Paper issuance, marking a key milestone in strengthening Africa’s cross-border payment infrastructure. The capital raised will accelerate Nairagram’s expansion across 37 African countries, deepen its presence in strategic markets, and enhance its institutional-grade payment capabilities.
This issuance represents the first step in a broader fundraising programme, with a long-term objective to raise ₦50,000,000,000 to support the next phase of growth across the continent. Nairagram emphasized that the initiative is not only a financial milestone but also a statement of intent to advance Africa’s financial connectivity and modernize the continent’s payment rails.
The company positions itself as Africa’s premier payment network, aiming to provide robust, secure, and scalable cross-border payment solutions for financial institutions and businesses across the region. The successful Commercial Paper issuance underlines growing investor confidence in Nairagram’s vision and the continent’s digital payment ecosystem.
