# 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.

- **Source date:** 2026-10-05
- **Original source:** [Nairametrics](https://nairametrics.com/2026/10/05/johnvents-targets-n80-billion-debt-raise-to-buy-cocoa-as-harvest-season-begins/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-johnvents-proposed-80bn-cocoa-working-capital-20261005
- **Markdown:** https://voltformer.com/news/ng-johnvents-proposed-80bn-cocoa-working-capital-20261005.md

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.

[Nairametrics](https://nairametrics.com/2026/10/05/johnvents-targets-n80-billion-debt-raise-to-buy-cocoa-as-harvest-season-begins/)

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