Firm completes N10b capital raise

Nairagram, a pan-African payments and financial infrastructure company, has completed its N10 billion Commercial Paper issuance, fully subscribed within 48 hours of going to market.

The Commercial Paper programme received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26.

Following the completion of market preparations on February 3, Nairagram officially launched the issuance.

By February 4, the entire N10 billion offer had been fully subscribed, with completion finalised on February 5, underscoring strong investor confidence in the company’s strategy, governance, and growth trajectory.

Proceeds from the issuance will support Nairagram’s operations across 37 African countries, accelerate expansion, and deepen its presence in key markets, including Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea-Conakry, Cameroon, Kenya, and Uganda, among others.

Building on this momentum, Nairagram disclosed plans to raise up to N50 billion in 2026 through a combination of capital market instruments to further strengthen its balance sheet, expand product capabilities, and scale its pan-African payments infrastructure.

On the significance of this milestone, Idris Ibrahim, President and Co-Founder of Nairagram, said: “This successful Commercial Paper issuance is a strong validation of Nairagram’s vision and execution.

“The speed and scale of the subscription reflect institutional confidence not only in our business, but in the broader opportunity to build resilient, African-owned financial infrastructure that supports trade, remittances, and economic growth across the continent.”

Co-Founder of Nairagram, Gbolahan Obanikoro, stated: “As global financial infrastructure continues to evolve, there is a clear opportunity to build scalable pan-African payment platforms capable of operating at both continental and international scale.

“This transaction demonstrates how local capital, sound regulation, and strong governance can support the development of sustainable indigenous infrastructure for Africa and the world.”

Nairagram extends its appreciation to the CBN for its regulatory oversight and support throughout the process.

The company specifically acknowledges the leadership of the Governor, Mr. Yemi Cardoso, as well as the Deputy Governor, Economic Policy, Mr. Mohammed Sani Abdullahi, and the Director, Trade and Exchange, Mr. Musa Nakorji, whose continued commitment to strengthening Nigeria’s financial markets enables sustainable capital formation and responsible growth.

Nairagram reaffirmed its commitment to innovation, regulatory excellence, and long-term value creation as it continues to scale its platform and support Africa’s rapidly evolving financial ecosystem.

Advertisement

Nairagram is a pan-African payments and financial services company providing secure, compliant, and scalable payment solutions across Africa and beyond.

The company enables payments into, out of, and within Africa, supporting bank deposits, mobile money, and cash pickup across multiple markets through a single unified API.

With operations spanning 37 African countries, Nairagram processes over US$2 billion in payments annually, reflecting the scale, reliability, and operational depth of its infrastructure as a trusted partner for financial institutions, fintechs, and enterprise clients seeking efficient access to African payment corridors.