FMDQ Securities Exchange has approved the quotation of TeleAfrica Communications Limited’s N3.31 billion Commercial Paper (CP) issuance. The issuance is divided into three tranches: N130 million (Series 1 Tranche A), N140 million (Series 1 Tranche B), and N3.04 billion (Series 1 Tranche C), all under a N20 billion CP Programme. The funds will be utilized to support the company’s working capital requirements and enhance its interconnect infrastructure services for the telecommunications sector. The issuance was sponsored by AIICO Capital Limited, alongside Anchoria Advisory Services and FCSL Asset Management.