Cutix Plc Repays N3 Billion Commercial Paper Programme Arranged by Lighthouse Capital Limited

Cutix PLC is a leading Nigeria-based manufacturer and marketer of high-quality house wiring,electrical,armoured, and solar cables and wires, founded in 1982.The company is listed on the Nigerian Exchange Limited and known for its commitment to quality, innovation, and operational excellence.
Over the past year, Cutix has demonstrated financial resilience, maintaining consistent metrics despite the challenges posed by macroeconomic conditions.The company reported an impressive 30 per cent revenue increase, demonstrating substantial growth from #12.2 billion in 2024 to N15.8 billion in 2025.

The successful repayment of Cutix N3 Billion Commercial Paper Programme reaffirms the company’s strong creditworthiness and commitment to fulfilling its obligations to investors in the Nigerian capital market while reinforcing its strong market position in Nigeria’s cable industry.

The Series, which was arranged and facilitated by Lighthouse Capital Limited as Lead Issuing House, alongside APEL Assets Limited, Capital Asset Limited, Radix Capital Partners, and AIICO Capital Limited, provided the company with access to working capital funding for operational activities.

Cutix’s ability to meet its obligations as and when due reflects its strong governance culture,prudent financial management, and long-standing commitment to creating sustainable value for shareholders and stakeholders. This milestone strengthens investor confidence in the company and affirms its standing as a trusted participant in Nigeria’s capital market ecosystem. It further reinforces the credibility of the Nigerian debt capital market.

Commenting on the successful repayment, the Managing Director of Cutix PLC stated:

“The successful and timely repayment of our #3 Billion Commercial Paper Programme reflects not only our strong financial discipline but also the integrity and transparency that underpin everything we do at Cutix PLC. We remain committed to honouring our obligations and maintaining the trust bestowed upon us by the investors.

This milestone aligns with our long-term vision of building a resilient and sustainable business that consistently delivers value in the cable and wiring segment of the manufacturing sector. As we continue to grow, we will leverage efficient capital market opportunities to support our operations while upholding the highest standards of corporate governance and performance. We appreciate the confidence ofour investors and partners, and we remain focused on creating sustainable wealth and driving long-term value for all our stakeholders.”