Share Following the due diligence process, FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, has approved the quotation of the Total Nigeria PLC N2.25 billion Series 1 and N12.75 billion Series 2 Commercial Papers (CPs) under its N30.00 billion CP Issuance Programme. It also admitted the Mixta Real Estate Plc N2.00 billion Series 32 Commercial Paper under its N20.00 billion CP Issuance Programme, as well as the registration of the Valency Agro Nigeria Limited N20.00 billion Commercial Paper Programme, on its platform. The debut issuance of Total Nigeria Plc’s CP, following a volatile period for the oil and gas industry as disrupted by the COVID-19 pandemic demonstrates innovation and confidence in the Nigerian debt capital market (DCM) towards supporting the vibrance of this sector and in turn the reactivation of the Nigerian economy. The issue attracted significant demand from a wide range of investors – resulting in a subscription level of over four times the initial issue size – a demonstration of investor’s confidence in the company.