SG Holdings Limited has announced the launch of its Series 3 and Series 4 commercial paper issuances, aiming to raise up to NGN75 billion under its NGN100 Billion Naira Commercial Paper Programme. The issuances, comprising a 271-day Series 3 and a 364-day Series 4, have garnered investment-grade ratings of A1 from Agusto & Co. and A1+ from GCR, indicating strong creditworthiness.
The offer, which commenced on Wednesday, March 4, 2026, is scheduled to close on March 10, 2026, and is exclusively open to qualified institutional investors. These include Pension Fund Administrators, Insurance Companies, Asset Managers, Finance Houses, Cooperative Societies, Banks, and High Networth Individuals.
The Series 3, a 271-day commercial paper, is being issued at a discount rate of 17.7920%, translating to a yield of 20.5000%. Concurrently, the Series 4, a 364-day paper, is offered at a discount rate of 18.7088%, yielding 23.0000%. These details were confirmed by Planet Capital Limited, the lead issuing and placing agent for the transaction.
SG Holdings Limited, a prominent African multinational corporation headquartered in Lagos, Nigeria, extends its operational reach with branches in Abuja, Port Harcourt, Accra, Ghana, and Abidjan, Ivory Coast. The company has a diversified portfolio, operating across key sectors of the Nigerian economy. Its business interests span marine logistics and shipping, oil and gas infrastructure, retail services at filling stations, aviation fuel services, liquefied petroleum gas (LPG), and intra-African energy trade.
Recent financial disclosures highlight SG Holdings' robust growth trajectory. Shareholders' funds have seen a Compound Annual Growth Rate (CAGR) of 40.15%, increasing from NGN70 billion in 2021 to NGN272 billion by 2024. Total assets have also expanded significantly, growing by 45.85% from NGN109.3 billion in 2021 to NGN495 billion in 2025. The company's turnover, largely driven by its marine logistics and energy trading businesses, has experienced exponential growth at a CAGR of 40.43% over the same period, rising from NGN151 billion to NGN588.6 billion.
