# Nigerian firms targeted ₦446.1 billion in Q3 commercial-paper offers

> The ₦446.1 billion was targeted across 43 series by 23 firms; offer targets are not necessarily funds raised.

- **Source date:** 2026-10-01
- **Original source:** [Nairametrics](https://nairametrics.com/2026/10/01/largest-commercial-paper-offers-by-target-size-in-q3-2026/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-q3-corporate-commercial-paper-offers-446bn-20261001
- **Markdown:** https://voltformer.com/news/ng-q3-corporate-commercial-paper-offers-446bn-20261001.md

Nairametrics Research counted 23 companies offering commercial paper in Q3 2026, with target offers of ₦446.1 billion across 43 series; the programmes had a combined registered size of ₦1.98 trillion. The 10 largest offers targeted ₦350 billion, or 78.5% of the quarter’s tracked total, mainly for working capital.

Pivot Integrated Energy Services led with a ₦100 billion target across 3 series; Payaza Africa and Sunny Owo Ventures each targeted ₦50 billion. 2 of the 10 largest offers used non-interest Murabahah structures. The figures are offer targets, not amounts all necessarily raised.

[Nairametrics](https://nairametrics.com/2026/10/01/largest-commercial-paper-offers-by-target-size-in-q3-2026/)

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