Johnvents plans up to ₦80bn commercial-paper offer for cocoa buying
The proposed financing would support working capital as Nigeria’s main cocoa season began.
- Publish date: 2026-10-05
- Category: Standards & Policy
- Original source: Nairametrics
- Reading time: 1 min read
Johnvents Industries planned to seek up to ₦80 billion through Series 1 Tranche A and B of its commercial-paper programme, which has a ₦250 billion ceiling. The company said working capital, including bulk cocoa purchases as the main crop season began, was the intended use; the report did not say the ₦80 billion had been subscribed or raised. Johnvents processes and exports agricultural commodities, and its Akure and Ile-Oluji cocoa facilities have combined installed capacity of about 48,000 metric tonnes per year.