Sunbeth Secures Approval for N200bn Commercial Paper to Boost Cocoa Export
Sunbeth Global Concepts Ltd., one of Nigeria’s largest cocoa exporters and a top five non-oil export contributor, has secured approval to establish a ₦200 billion Commercial Paper Programme.
Sunbeth Global Concepts Ltd. is a leading agro-commodities sourcing and trading platform operating across key international markets. This is contained in a statement made available to the News men on Tuesday in Lagos.
According to the statement, the company has launched up to ₦100 billion in Series 1, 2 and 3 Commercial Paper issuances under the programme to strengthen working capital and export operations.
It added that the proceeds would be used for inventory procurement, the execution of physical and hedged offtake obligations within Sunbeth’s export operations.
The offer opened on Feb. 27 to close on March 5 with allotment and settlement scheduled for March 6.
The offer is available at a minimum subscription of ₦5,000,000 and in multiples of ₦1,000 thereafter and the Commercial Papers will be quoted on FMDQ and/or NGX.
The statement quoted the company’s Chief Operating Officer, Mr Nzubechukwu Anisiobi, as saying that the programme reflects the company’s disciplined capital strategy and strong credit fundamentals.
“The establishment of our ₦200 billion Commercial Paper Programme reflects our disciplined capital strategy and solid credit profile.
“In a working capital-intensive export business, access to structured short-term funding strengthens liquidity, supports efficient contract execution and preserves balance sheet stability,” Anisiobi said.
He added that the programme underscores the confidence the capital markets have in its governance standards, earnings resilience and robust risk management discipline.
Established in 2017, Sunbeth has exported over 200,000 metric tonnes of cocoa beans and 60,000 metric tonnes of cashew nuts to international markets.
It is a global agro-commodities sourcing and trading company committed to empowering farmers and driving socio-economic impact through strategic partnerships, innovation, and industry expertise.
In 2025, the company recorded over ₦600 billion in revenue, reinforcing its scale within Nigeria’s agricultural export ecosystem.
The company works directly with more than 30,000 farmers and collaborates with over 250 local buying agents across Nigeria.
Its global strategic partners include Cargill, GCB Group, JB Cocoa, Touton, Macquarie and StoneX, enabling diversified offtake and multi-destination market access across Europe, Asia and the United States. Sunbeth is rated A2 by DataPro and GCR (Short Term) and A by DataPro, and BBB+ by GCR (Long Term).
The ratings reflect the company’s leading market position as one of the major cocoa exporters in Nigeria with its strong revenue profile, sound earnings trajectory, strong ability to meet its obligation, and experienced management team.
Its integrated operating model spans sourcing, warehousing, logistics, structured hedging and export execution.
The company maintains diversified offtake agreements and price-risk management frameworks designed to reduce earnings volatility and protect downside exposure.
With global cocoa demand strengthening and Nigeria’s export profile expanding, the Programme positions Sunbeth to consolidate its leadership within the agricultural commodities sector.
Since its establishment in 2017, the company has built strong roots in the cocoa industry and continues to expand its influence across the broader agricultural value chain, delivering sustainable growth and trusted solutions to partners worldwide. #Sunbeth Secures Approval for N200bn Commercial Paper to Boost Cocoa Export#
