Ooni’s firm redeems N9.2bn from debt market
Ojaja Pan Africa Limited has successfully redeemed N9.2 billion from Nigeria’s SEC-regulated public debt market, reinforcing investor confidence and demonstrating strong financial discipline amid a challenging economic climate. The company, owned by Ooni Adeyeye Enitan Ogunwusi, completed the seamless repayment of its inaugural Commercial Paper (CP) issuance under a duly registered ₦10 billion programme listed […]
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Ojaja Pan Africa Limited has successfully redeemed N9.2 billion from Nigeria’s SEC-regulated public debt market, reinforcing investor confidence and demonstrating strong financial discipline amid a challenging economic climate.
The company, owned by Ooni Adeyeye Enitan Ogunwusi, completed the seamless repayment of its inaugural Commercial Paper (CP) issuance under a duly registered ₦10 billion programme listed on the FMDQ Securities Exchange.
The redemption covered N2.15 billion from Series 1, which matured on November 21, 2025, and N6.91 billion from Series 2, which matured on February 20, 2026.
Notably, the obligations were fully settled using internally generated funds — a significant milestone at a time when Nigeria’s Monetary Policy Rate stands at 27 percent, making short-term borrowing costly for many businesses.
Dr. Ayobami Oyedare, Acting Managing Director of the company, described the repayment as proof of the firm’s financial resilience and strategic planning.
He emphasized that meeting the obligations in full validates the trust placed in the company by investors and positions it to strategically deploy the remaining balance of the ₦10 billion programme for expansion across Africa.
The issuance and redemption were arranged by Comercio Partners Capital Limited, whose CEO, Stephen Osho, hailed the transaction as a defining moment. He noted that executing such a flawless redemption during an economic tightening cycle underscores the company’s operational strength and balance sheet integrity.
“The timely redemption of our Series 2 Commercial Paper, following the successful repayment of our maiden Series 1, stands as a powerful testament to the stability of Ojaja Pan Africa’s balance sheet and the rigor of our financial planning,” he said.
Beyond finance, the milestone reflects a broader economic vision championed by the Ooni, who serves as Chairman and Group Chief Executive of the conglomerate. With investments spanning real estate, hospitality, agriculture, education, manufacturing, and tourism, the group continues to position itself as a driver of sustainable development.
In February 2026, the monarch deepened his involvement in national development by signing a Memorandum of Understanding with the Nigerian Tourism Development Authority, earning the title of Grand Patron of Tourism. Through strategic private capital deployment and diaspora engagement, he aims to strengthen Nigeria’s tourism and cultural economy.
From launching locally sourced consumer brands to advancing agricultural initiatives that empower youth and promote local processing, Ojaja Pan Africa’s trajectory reflects a commitment not just to profitability, but to long-term economic stability and nation-building.
Ooni Ogunwusi’s industrial vision is actively reshaping Nigeria’s economic canvas. In a landmark move for the country’s tourism industry, he signed a Memorandum of Understanding with the Nigerian Tourism Development Authority (NTDA) in February 2026, earning him the distinguished title of Grand Patron of Tourism. Through Ojaja Pan Africa, he is channeling private capital, leveraging diaspora networks, and utilizing cultural expertise to enhance heritage sites, cuisine, and hospitality infrastructure, all aimed at diversifying Nigeria’s economy away from oil dependency and positioning the nation as a premier global cultural destination.