Nairagram completes N10bn capital raise to deepen financial connectivity across Africa

By Zika Bobby

​Nairagram, a payments and financial infrastructure provider, has successfully closed its N10 billion Commercial Paper (CP) issuance. Reflecting high market demand, the offer was fully subscribed within 48 hours of its launch.

​The CP program received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26, 2026.

Following market preparations, the issuance opened on February 3, and reached full subscription by February 4. The transaction was finalized on February 5, 2026, signaling robust investor confidence in Nairagram’s governance and pan-African growth strategy.

Proceeds from the issuance will bolster Nairagram’s operations across 37 African countries. The capital is earmarked to accelerate expansion and deepen market penetration in key hubs, including Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea-Conakry, Cameroon, Kenya, and Uganda.

​Building on this momentum, Nairagram announced plans to raise up to N50 billion over the course of 2026. This broader capital raise will utilize various market instruments to strengthen the company’s balance sheet, enhance product capabilities, and scale its unified payments infrastructure. Speaking 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.”

“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,” he added.