Zitra Investments turns to capital market as deposits exceed N30 billion
AI Executive Briefing
Gemini Flash AI~45s readZitra Investments Limited has initiated a N50 billion Commercial Paper programme to bolster its financial services ecosystem, including its microfinance and asset management arms. This move follows a period of rapid growth, with customer deposits increasing more than 24-fold over the last five years.
Context & Background
- ✦Nigerian companies are increasingly turning to the commercial paper market as a strategic alternative to traditional bank loans for working capital and operational needs.
- ✦The broader market saw N1.61 trillion raised via commercial paper in 2025, reflecting a 40% year-on-year increase in market reliance on this instrument.
Key Figures & Named Entities
•Babatunde Obadero, CEO of Zitra Investments, stated that the company's deposit growth provides the foundation for capital market entry.•Suru Daniels, Managing Director of Mulberry Advisory Services, noted that the programme enhances Zitra's credibility among market participants.•Revenue grew from approximately N600 million in the first nine months of 2021 to nearly N4 billion in 2026.
Outlook & Next Steps
The company will proceed with the actual issuance of commercial paper, at which point the specific amount to be raised, maturity periods, and interest rates will be determined.
Key Takeaways
AI Summary- Zitra Investments Limited has launched a N50 billion Commercial Paper (CP) programme to fund lending, geographical expansion, and digital infrastructure.
- The company reported significant growth in customer deposits, rising from approximately N1.25 billion in 2021 to over N30 billion in the first nine months of 2026.
- Zitra is leveraging the capital market to diversify its funding sources beyond conventional bank borrowing, joining a growing trend among Nigerian firms.
Key Facts:2021-2026: Customer deposits grew from approximately N1.25 billion in the first nine months of 2021 to more than N30 billion in the same period of 2026.2024-2025: Nigerian companies raised N1.61 trillion through commercial paper issuances in 2025, marking a 40% increase from the previous year.
Editorial Excerpt
Zitra Investments Limited is raising N50 billion through Commercial Paper (CP) Programme as it seeks additional funding to support lending, geographical expansion and investment in digital infrastructure, following growth in customer deposits to more than N30 billion in the first nine months of...
Frequently Asked Questions About This Story
What is the primary purpose of the N50 billion Commercial Paper programme?
The funds are intended to support Zitra's lending activities, facilitate geographical expansion, and accelerate investment in digital infrastructure.
Has Zitra already raised the full N50 billion?
No, the N50 billion represents the registered financing platform size and does not indicate the amount already raised or the specific terms of issuance.
