RusselSmith Nigeria Limited, West Africa’s leading indigenous industrial solutions provider has announced the successful and complete repayment of its N3 billion Series 1 Commercial Paper (CP) program, delivering full returns to all investors within the stipulated timeline.
The landmark Series 1 CP was oversubscribed upon launch earlier this year, marking a significant milestone in RusselSmith’s capital markets journey and reinforcing the company’s position as a trusted investment destination in Nigeria’s industrial sector.
“The successful repayment of our inaugural commercial paper is a testament to RusselSmith’s financial discipline and strong operational performance,” said Kayode Adeleke, CEO of RusselSmith.