Lagos, Nigeria – Champion Breweries Plc has secured approval from FMDQ Securities Exchange Limited to list its ₦30 billion (about 22.2 million US dollars) Series 1, 5-year, 19.50 percent Senior Unsecured Fixed Rate Bond. The bond is part of the company’s ₦45 billion (approximately 33.2 million US dollars) Bond Issuance Programme.
Okay News reports that the approval was granted by the Exchange’s Board Listings and Markets Committee, providing Champion Breweries with access to long-term funding through Nigeria’s debt capital market. The listing offers investors a transparent platform to participate in a fixed-income instrument backed by one of Nigeria’s leading beverage companies.
FMDQ noted that the transaction reflects sustained growth in the breweries sub-sector and highlights the increasing role of corporate debt in financing expansion. Group Chief Operating Officer of FMDQ Group PLC, Tumi Sekoni, said the Exchange remains committed to supporting corporates in raising capital to drive sustainable economic growth.
Champion Breweries plans to use proceeds from the bond to strengthen its capital base, modernise production infrastructure, and support expansion initiatives. The issuance, sponsored by Rand Merchant Bank Nigeria Limited, is expected to position the company for sustained growth while delivering long-term value to stakeholders.
The bond listing comes amid strong financial momentum. Champion Breweries reported a 108 percent surge in profit before tax to ₦2.65 billion (about 2 million US dollars) in 2025, driven by revenue growth of 43 percent to ₦29.8 billion (about 22 million US dollars) and improved operational efficiency. The company has also raised ₦42 billion (approximately 31 million US dollars) through a public offer to fund the acquisition of the Bullet brand portfolio.
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