Regulatory Alerts2025-06-25
Circular on Review and Processing of Applications for Commercial Papers
The Securities and Exchange Commission mandates that all capital market stakeholders file commercial paper applications for prior review and approval via its designated e-portal. This requirement, established under the December 23, 2024 issuance rules, officially takes effect on July 1, 2025. Issuers must utilize the online system to secure regulatory clearance before proceeding with commercial paper offerings.
The Securities and Exchange Commission (“the Commission”) hereby notifies all capital market stakeholders and prospective issuers that further to the “Rules on Issuance of Commercial Papers” issued on December 23, 2024 , the submission and processing of applications for the issuance of commercial papers would commence on July 1, 2025. Accordingly, all applications for the issuance of commercial papers, are required to be filed with the Commission for prior review and approval through the Commission’s e-portal: eportal.sec.gov.ng. SIGNED: MANAGEMENT