NEWS & INSIGHTS

Romco Recycling Company Ltd Secures ₦6.00 Commercial Paper Programme Registration

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Romco Recycling Company Ltd Secures ₦6.00 Commercial Paper Programme Registration

Lagos – 12 January 2024 – Romco Recycling Company Limited (“Romco”), is pleased to announce, the successful registration of its ₦6.00 billion Commercial Paper Programme on the FMDQ Securities Exchange Limited (the “FMDQ Exchange”). The FMDQ Exchange approved the programme on 9 January 2024, this milestone affirms our strong commitment to driving sustainable growth and expanding our financial capabilities as part of our strategic plan.

Raymond Onovwigun, Chief Executive Officer of Romco, stated, “This registration marks a significant step in our journey, optimising our capital structure to enhance our ability to meet the demands for secondary materials in a growing sector. We are excited about the opportunities this programme will open up for Romco and our stakeholders.”

This programme will enable Romco to access growth capital and flexibility to meet our operational commitments as we embark upon a forward-looking journey to deliver on our vision to become a global leader in the processing of secondary materials. This announcement represents our ongoing dedication to delivering fiscal discipline to our strategy.

We extend our gratitude to Quantum Zenith Capital & Investments Limited and FMDQ Securities Exchange Limited for their support and look forward to an impact-driven and commercially successful partnership.

 

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