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ARCO Worldwide Services Limited quotes N2.81 billion Commercial Paper on FMDQ, supported by United Capital PLC. The funding will enhance its working capital and operational capacity.
PRIVATEAug 02, 2026•7 days ago
Amount Raised
₦2.81 Billion
Round Type
Venture - Series Unknown
NigeriaOil And GasGeospatialInvestors
Lead Capital PlcUnited Capital Plc
Description
FMDQ Securities Exchange Limited has approved the quotation of ARCO Worldwide Services Limited’s N0.78 billion Series 1 Tranche A and N2.03 billion Series 1 Tranche B Commercial Paper. This initiative aims to provide efficient short-term funding solutions to innovative enterprises. The proceeds will support the Issuer’s working capital needs and strengthen its operational capacity. The participation highlights the versatility of Nigeria’s commercial paper market.
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Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers