FMDQ Exchange Admits CardinalStone Partners Limited C.P.


    The Board FMDQ Listings and Markets Committee of the Exchange has approved the registration of the CardinalStone Partners Limited ₦20.00 billion Commercial Paper, CP, Programme on the Exchange platform.


    CardinalStone Partners Limited (the “Issuer”) is a multi-asset investment management firm that provides services encompassing financial advisory, asset management, securities trading, share registration, and consumer finance on a retail and institutional scale. This CP Programme, which is sponsored by FBNQuest Merchant Bank Limited (Lead Sponsor); Emerging Africa Capital Advisory Limited, CardinalStone Partners Limited, FCMB Capital Markets Limited and United Capital PLC (Co-Sponsors) – all Registration Member (Quotations) of the Exchange, allows the Issuer to efficiently raise short-term finance from the Nigerian debt markets, through CP issues, within the CP Programme limit.


    “The successive and successful admittance of the securities listed and quoted so far in the year 2023, following the due approvals obtained, attests to the efficient and uniquely tailored listing and quotation services offered by FMDQ Exchange – Nigeria’s largest securities exchange by market turnover of over ₦169.00 trillion over the last nine years”, stated FMDQ.



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