Key Takeaways
- Nairagram raised ₦10bn through a Commercial Paper issuance, approved by the Central Bank of Nigeria, with full subscription within 48 hours.
- The capital raise will support Nairagram’s operational growth and strengthen its financial position across 37 African countries.
- Proceeds will enhance product development and operational scaling in key markets such as Nigeria, Ghana, and Kenya.
- Nairagram processes over US$2 billion in annual payment volumes and aims to deepen financial connectivity in Africa.
- The company plans to raise up to ₦50 billion in 2026 for further expansion using various capital market instruments.
The Nairagram ₦10bn Capital Raise was completed through a Commercial Paper issuance approved by the Central Bank of Nigeria. The Nairagram ₦10bn Capital Raise received final regulatory approval on January 26, 2026. The offer opened after market preparations on February 3 and was fully subscribed within 48 hours. Final documentation was completed on February 5, 2026.
Nairagram operates as a pan-African payments and financial infrastructure company. It provides cross-border payment services across multiple African markets.
Details of the Nairagram ₦10bn Capital Raise
The Nairagram ₦10bn Capital Raise was fully subscribed shortly after launch. The issuance reflects participation from institutional investors. The company confirmed that the funding will support its operational growth and strengthen its financial position.
Nairagram processes more than US$2 billion in annual payment volumes. It operates in 37 African countries. The platform enables transfers into, out of, and within Africa. Services include bank deposits, mobile money transfers, and cash pickup options. Transactions are facilitated through a unified API infrastructure.
The company stated that it intends to raise up to ₦50 billion in 2026 using additional capital market instruments.
Expansion Plans Following the Nairagram ₦10bn Capital Raise
Proceeds from the Nairagram ₦10bn Capital Raise will be used to deepen operations in several African markets. These include Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea-Conakry, Cameroon, Kenya, and Uganda.
The funds will also support product development and infrastructure scaling. The company aims to enhance cross-border financial connectivity and strengthen compliance systems.
Nairagram acknowledged the role of the Central Bank of Nigeria in overseeing the issuance process. It referenced regulatory guidance provided during the approval phase.
The capital raise forms part of Nairagram’s broader strategy to expand its payments network and reinforce its position in Africa’s financial services sector.
