Emzor raises N26.7bn bond to boost local drug manufacturing

Author: Urowayino JeremiahPublished on: August 31, 2026Country: Nigeria

Business & Economy

Emzor raises N26.7bn bond to boost local drug manufacturing

Emzor Pharmaceutical Industries raised N26.7 billion ($19.8 million) through a fixed-rate bond on the FMDQ Group Exchange. The funds will support working capital, expand manufacturing capacity, and complete West Africa's first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. This initiative aims to reduce Nigeria's dependence on imported medicines and raw materials.

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