In a significant present of economic self-discipline and company credibility, Exact Lighting, a number one Nigerian supplier of energy-efficient lighting and inside infrastructure options, has accomplished the complete redemption of its ₦452.63 million Collection 1 Business Paper (CP).
The corporate repaid all traders consistent with the agreed phrases, reinforcing confidence in its monetary power, administration effectivity, and development technique.
The Collection 1 CP issuance, which marked the corporate’s debut in Nigeria’s debt capital market, is the primary below its ₦3.5 billion Business Paper Programme. The programme was designed to offer short-term working capital assist as the corporate launched into a section of accelerated growth.
With the profitable compensation, Exact Lighting has demonstrated robust liquidity and strong execution capability—qualities important for corporations searching for to ascertain long-term relationships with traders.
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“The profitable redemption of our debut business paper displays the resilience of our enterprise mannequin and the arrogance the market has positioned in us,” mentioned Stephen Onaola, Founder and Chief Govt Officer of Exact Lighting.
“We sincerely thank our traders and companions for his or her belief. This accomplishment strengthens our ambition to deepen capital market entry and speed up our growth”, he added.
The Collection 1 CP was organized by Afrinvest Capital Restricted, which acted as Lead Issuing Home. Apel Asset Restricted, Cordros Capital Restricted, and DC Securities Restricted have been Joint Issuing Homes, whereas Emergence Capital Companions Restricted served because the unique monetary adviser to the issuer on the ₦3.5 billion programme.
The profitable CP redemption comes on the heels of a powerful monetary 12 months for Exact Lighting. The corporate reported a 55% development in income, rising from ₦1.1 billion in 2023 to ₦1.7 billion in 2024. This distinctive efficiency was pushed by aggressive retail growth, elevated market penetration, and a rising business-to-business (B2B) buyer base throughout the development, hospitality, and actual property sectors.
Among the many main developments fueling this development was the launch of Exact Lighting’s flagship expertise centre in Lekki Part 1, Lagos. Designed as an immersive, design-forward retail and showroom area, the centre permits prospects—starting from householders to inside designers and property builders—to work together with the model’s expansive product choices in a hands-on surroundings. This initiative has helped deepen buyer engagement and strengthened the corporate’s premium positioning out there.
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Past lighting options, the corporate has strategically diversified its choices to incorporate escalators, elevators, HVAC (heating, air flow, and air con) methods, gymnasium gear, and luxurious inside furnishings. This growth displays a shift in Exact Lighting’s id—from a specialist lighting model to a complete supplier of infrastructure and way of life options.
“These additions weren’t simply opportunistic; they have been pushed by buyer demand and our long-term imaginative and prescient to supply holistic options for contemporary buildings and environments,” Onaola added. “By providing the whole lot from sensible lighting to elevators and gymnasium gear, we’re making it simpler for builders, designers, and householders to work with a single, trusted companion.”
Since its institution in 2011, Exact Lighting has turn into a trailblazer in Nigeria’s lighting and inside décor area. The corporate’s core power lies in its dedication to high quality, customer support, and innovation.
As we speak, it operates a strong retail distribution community and an increasing e-commerce platform, each of that are backed by investments in warehousing and logistics infrastructure to make sure seamless buyer expertise.
In response to rising demand, the corporate has additionally upgraded its provide chain and stock administration methods, permitting for quicker supply timelines and higher operational effectivity.
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With the redemption of its Collection 1 CP and plans for subsequent issuances below its ₦3.5 billion programme, Exact Lighting is now well-positioned to deepen its footprint in Nigeria’s fast-evolving actual property and infrastructure ecosystem.
“The capital market will stay an vital a part of our funding technique going ahead,” Onaola affirmed. “We’re constructing a resilient, scalable enterprise that may thrive in a dynamic surroundings and constantly ship worth to all stakeholders.”
Because it seems to the long run, Exact Lighting’s mix of product innovation, strategic diversification, and monetary self-discipline may function a blueprint for different mid-sized corporations searching for sustainable development by means of market-based financing.
