Advans La Fayette Microfinance Bank has raised N6bn through its maiden commercial paper issuance under its N20bn Commercial Paper Programme, as the lender seeks to expand financing for micro, small and medium enterprises across the country.
The bank disclosed this in a statement on Thursday, 18 June 2026, noting that the Series 1 issuance was oversubscribed, indicating strong investor confidence in its operations, governance structure and growth prospects.
The commercial paper issuance marks the bank’s debut in the Nigerian capital market and is expected to strengthen its funding base, improve liquidity and diversify its sources of funding.
Speaking during a signing ceremony held at the Lagos office of the Lead Issuing House, Anchoria Advisory Services Limited, the Managing Director and Chief Executive Officer of Advans La Fayette Microfinance Bank, Mr Elvis Oheneba, said the transaction represented a major milestone in the institution’s growth journey.
He stated that proceeds from the issuance would be deployed to support lending activities, particularly to MSMEs, which play a critical role in job creation and economic development.
