Lagos, Nigeria – April 2026 — FirstCap Limited, a leading investment banking firm and subsidiary of FirstHoldCo Plc., has successfully closed the ₦4.46 billion Series 1 Bond Issuance by LAPO MFB SPV Plc, reinforcing its strong leadership in Nigeria’s debt capital markets and deepening access to long‑term funding for high‑impact sectors.
Acting as Lead Issuing House, FirstCap structured the fund raising on behalf of LAPO MFB SPV Plc (a company sponsored by LAPO Microfinance Bank Limited to mobilise institutional capital targeted at SME financing, renewable energy expansion, and digital financial services, three critical drivers of inclusive and sustainable economic growth in Nigeria.
The transaction is underpinned by a compelling impact thesis, with proceeds strategically deployed to support small businesses and clean energy initiatives. The microfinance sector continues to demonstrate resilience and strong fundamentals positioning the issuance at the intersection of growth, sustainability, and financial inclusion.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director, FirstCap Limited, said:
“This successful issuance underscores our strategic commitment to directing capital where it delivers measurable economic impact. At FirstCap, we partner with institutions that have the scale, discipline, and vision to transform markets, and LAPO exemplifies these qualities.
The ₦4.46 billion bond is positioned to be a catalyst for SME growth, expanded energy access, and broader financial inclusion. We remain committed to structuring transactions that are not only bankable, but impactful and aligned with Nigeria’s long‑term economic trajectory.”
FirstCap Limited remains committed to leading from the forefront of Nigeria’s capital markets, structuring transactions that are bankable, impactful, and investable, while supporting the future trajectory of Nigeria’s economic development.”
About FirstCap Limited
FirstCap Limited is a leading investment banking firm, and a subsidiary of First HoldCo Plc., one of Africa’s most trusted financial service group. We pride ourselves as a one-stop financial institution, delivering a complete suite of financial solutions to our clients, to drive growth, transformation, and long-term value. Our core expertise spans mergers and acquisitions, capital markets solutions, capital raising, and strategic financial advisory. Backed by a proven record of landmark transactions across multiple sectors, FirstCap is a trusted partner of choice for corporations, institutions, and public sector clients, navigating complex financial landscapes. Our dedicated team combines global insight with local market intelligence to help clients seize opportunities, mitigate risks, and achieve their ultimate strategic transaction objectives. We are committed to providing the clarity, precision, and execution that our clients need in today’s fast-evolving business environment.
