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Nigeria’s largest cocoa exporter and top five non-oil export contributor, Sunbeth Global Concepts Limited, has secured approval to establish a N200 billion Commercial Paper Programme and has launched up to N100 billion in Series 1, 2 and 3 Commercial Paper issuances under the Programme.
Structured across 180-day, 270-day and 364-day tenors, the offer is designed to finance contractual working capital requirements, including inventory procurement and the execution of physical and hedged offtake obligations within Sunbeth’s export operations.
The offer opened on Friday, 27 February 2026 and will close on Thursday, 5 March 2026, with allotment and settlement scheduled for Friday, 6 March 2026. The offer is available at a minimum subscription of N5,000,000 and in multiples of N1,000 thereafter. The commercial papers will be quoted on the FMDQ and/or NGX.
Chief Operating Officer of Sunbeth Global Concepts Limited, Nzubechukwu Anisiobi, said the programme reflects the Company’s disciplined capital strategy and strong credit fundamentals.
“The establishment of our N200 billion Commercial Paper Programme reflects our disciplined capital strategy and solid credit profile. In a working capital-intensive export business, access to structured short-term funding strengthens liquidity, supports efficient contract execution and preserves balance sheet stability”, Anisiobi said.
Further emphasising investor confidence in the Company’s governance and risk framework, he added that the programme underscores the confidence the capital markets have in our governance standards, earnings resilience and robust risk management discipline.
Established in 2017, Sunbeth has exported over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts to international markets. In 2025, the Company recorded over N600 billion in revenue, reinforcing its scale within Nigeria’s agricultural export ecosystem.
The company works directly with more than 30,000 farmers and collaborates with over 250 local buying agents across Nigeria. Its global strategic partners include Cargill, GCB Group, JB Cocoa, Touton, Macquarie and StoneX, enabling diversified offtake and multi-destination market access across Europe, Asia and the United States.
Rated A2 by DataPro and GCR (Short Term), A by DataPro, and BBB+ by GCR (Long Term), the ratings reflect the Company’s leading market position as one of Nigeria’s major cocoa exporters, strong revenue profile, sound earnings trajectory, strong ability to meet obligations, and experienced management team.
