Johnvents Industries Limited, a leading indigenous agribusiness and manufacturing group, is pleased to announce the successful raising of N18.8 billion through its Series 10 & 11 Commercial Paper issuance in October.
This marks the largest capital raise to date for the company since it entered the domestic debt capital market.
Founded in 2016, Johnvents has demonstrated remarkable growth, with revenue soaring from N59.7 billion in 2022 to N92.7 billion in 2023.
In the first half of 2024, the company generated N79.5 billion in revenue, fueled by strategic expansions into new markets, including Dubai and Uganda. This impressive growth trajectory has strengthened investor confidence, leading to the successful capital raise under the Commercial Paper Programme.
Mr. John Alamu, Group Managing Director, Johnvents Group, commented, “ We are immensely proud of what we have accomplished over the years since our inception. As we reflect on our journey, we recognize that our growth has been…
