Pathway Advisors Limited, the Transaction Sponsor, Financial Adviser, Lead Issuing House and Lead Arranger, is pleased to announce the successful completion of Pivot Integrated Energy Services Limited’s (“Pivot”) maiden ₦100 billion Series 1 Commercial Paper (“CP”) issuance under its ₦300 billion Commercial Paper Programme. The landmark transaction marks Pivot’s first entry into Nigeria’s debt capital market and was met with strong demand from institutional and sophisticated investors, resulting in the issuance being oversubscribed at ₦100.08 billion. The outcome represents a significant vote of confidence in Pivot’s business model, management team, growth strategy and credit fundamentals, while underscoring the depth and resilience of Nigeria’s institutional investment market
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1For a first-time issuer, the level of investor participation recorded in the transaction represents a notable milestone. The strong demand demonstrates investors’ confidence in Pivot’s business and its strategic position within Nigeria’s downstream energy sector.
Proceeds from the Issuance will fuel Pivot’s ongoing operations in the trading, storage, distribution and supply of refined petroleum products across Nigeria and selected African markets, powering the next phase of the Company’s growth.
Commenting on the transaction, Mr. Adekunle Alade (MBA, FCA, M.CIoD), the Founder and Chief Executive Officer of Pathway Advisors, said: “Debut issuances are always the ultimate test of market confidence. Pivot passed that test emphatically. The level of demand recorded for this maiden ₦100 billion Commercial Paper issuance is a powerful endorsement of the Company’s fundamentals, its management team and the strength of the investment proposition presented to the market.
This is a landmark achievement for Pivot and a significant milestone for Nigeria’s commercial paper market. We are particularly proud to have played a central role in bringing Pivot successfully into the debt capital market, and we look forward to supporting the Company through the subsequent phases of its ₦300 billion Commercial Paper Programme.
Pathway Advisors & Pivot extend our profound appreciation to the institutional investors whose trust, confidence and strong participation made this landmark outcome possible. We are particularly grateful to the Pension Fund Administrators (PFAs), Insurance Companies, Commercial and Merchant Banks, Asset Management Companies, Investment Funds, Corporate Treasuries and other institutional and sophisticated investors who participated in the Issuance. Their strong response represents more than successful subscription; it is a powerful endorsement of Pivot’s business model, management capabilities, growth strategy and credit fundamentals’’.
Also speaking, Mr. Babajide Babatope, Managing Director of Pivot Integrated Energy Services Limited, said: “Today marks a defining chapter in our growth story. To go to market for the first time and be oversubscribed is an extraordinary milestone — it validates everything we have built and gives us the firepower to scale even faster. We are proud, humbled, and firmly focused on what comes next.”
This landmark achievement would not have been possible without the performance and outstanding advisory services provided by Pathway Advisors Limited the Transaction Sponsor, Financial Adviser and Lead Issuing House & Lead Arranger, steering the transaction from structuring through to this resounding close.
Special thanks to our institutional investors for the overwhelming support. For a maiden entry into the Nigerian Commercial Paper market, the confidence demonstrated by these investors is especially significant. Their participation not only enabled the successful close of the ₦100 billion Series 1 Issuance but also reinforces the depth, sophistication and resilience of Nigeria’s institutional investment community. We are deeply grateful for the confidence reposed in Pivot, Pathway Advisors and the transaction, and we remain committed to delivering the highest standards of professionalism, transparency and value to the investing community.
Sincere appreciation also goes to the Joint Arrangers — Coronation Merchant Bank, Quantum Zenith Capital & Investments Limited, FCMB Capital Markets Limited, AIICO Capital Limited, FSDH Capital Limited, FSL Capital Limited, Greenwich Capital Markets Limited, United Capital Limited, Mainstreet Capital Limited, Rand Merchant Bank, and First Ally Advisory Limited; the Collecting & Paying Agents — ProvidusUnity Bank and Fidelity Bank Plc; Globus Bank Limited; Polaris Bank Limited; and Alliance Law Firm as Solicitor. Their collective diligence, professionalism and market expertise were instrumental in delivering this historic outcome for Pivot.
To every investor who placed their confidence in this maiden issuance, thank you. Your trust is the foundation upon which successful capital-market relationships are built, and we look forward to deepening these relationships through the subsequent phases of Pivot’s ₦300 billion Commercial Paper Programme.
About Pathway Advisors Limited
Pathway Advisors Limited is a leading issuing house, investment banking, financial advisory and capital-raising firm registered and regulated by the Securities and Exchange Commission (SEC), Nigeria. Our services cover transaction advisory, capital raising, project finance, mergers and acquisitions advisory, rating advisory and strategic financial solutions to corporate and institutional clients.
Pathway is also a registered member and Transaction Sponsor with FMDQ Securities Exchange Limited and NASD PLC.
Pathway Advisors was named Best Issuing House and Financial Advisory Firm of the Year 2025 at the BusinessDay Banking and Other Financial Institutions (BAFI) Awards
Pathway Advisors remains committed to facilitating access to capital and supporting sustainable economic growth across key sectors of the Nigerian economy.
For enquiries, send an email to advisory@pathwayadvisorsng.com or visit www.pathwayadvisorsng.com
