Sunbeth Global Concepts Limited is seeking to raise up to N100 billion through the issuance of Series 1, 2 and 3 Commercial Papers under its N200 billion Commercial Paper Programme.
The offer, which is currently open, is scheduled to close on Thursday, March 5, 2026.
The fundraising move signals an aggressive liquidity and working capital expansion strategy as the agro-commodities exporter scales operations across international markets.
Inside the Programme
The issuance forms part of Sunbeth’s broader N200 billion CP programme, providing the company with short-term debt market access to fund trade cycles, inventory procurement, and export operations.
Commercial papers are typically used by corporates to finance short-term obligations, particularly in high-volume trading businesses where speed and liquidity are critical.
Scale and Market Position
Founded in 2017, Sunbeth evolved from Sunny Owo Ventures, a cocoa sourcing business with more than two decades of industry experience.
Since inception, the company has:
- Exported over 200,000 metric tonnes of cocoa beans
- Exported 60,000 metric tonnes of cashew nuts
- Recorded revenues exceeding N600 billion in 2025
Sunbeth ranks among Nigeria’s top two cocoa value-chain operators and is currently one of the country’s top five non-oil exporters, contributing materially to foreign exchange earnings.
Global Trade Network
The company maintains strategic relationships with major international commodity players, including:
- Cargill
- Mars, Incorporated
- JB Cocoa
- Touton
- Macquarie Group
- StoneX Group Inc.
These partnerships support diversified product offtake channels and access to multiple destination markets across Europe, Asia, and North America.
Why It Matters
Nigeria’s non-oil export segment has increasingly become a focus for capital market activity, particularly as exporters seek structured funding solutions to navigate currency volatility and global commodity pricing cycles.
Sunbeth’s N100 billion commercial paper issuance positions it to deepen procurement capacity, strengthen farmer linkages—currently spanning over 30,000 farmers and 250 buying agents—and consolidate its role in Nigeria’s cocoa export value chain.
With revenues already crossing N600 billion, the latest CP move underscores the company’s ambition to scale beyond traditional sourcing into a more vertically integrated agro-commodities platform.
