Finance firm secures N50bn commercial paper approval

Payaza, a financial services provider, has secured approval for a N50 billion Commercial Paper issuance from FMDQ Exchange.

Commenting on the development, Mr. Seyi Ebenezer, Chief Executive Officer (CEO) of Payaza, said: “This approval reflects the confidence placed in our vision by key financial stakeholders. It marks a pivotal step in our journey to deliver innovative, accessible, and scalable financial solutions across Africa.

“With this opportunity, we are well-positioned to bolster liquidity, expand our services, and drive strategic investments that empower individuals and businesses to thrive in a dynamic economy.”

According to Mr. Philips Akinyele, Payaza’s Chief Technology Officer; “The N50 billion Commercial Paper approval is more than a financial milestone; it reinforces our dedication to building innovative solutions that drive economic inclusion and growth across Africa.

“This move will enable us to deepen our offerings, strengthen infrastructure, and create opportunities that transform lives.”