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Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme - Business - Nairaland

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Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by OnlineStreet: 2:48pm On May 17, 2023
Neveah Limited Secures N20billion Upsize of Commercial Paper Programme

Creates opportunities to support fast-paced business growth.


Neveah Limited, a leading indigenous export company, today, announced the upsize of its commercial paper programme from N10billion naira to N20billion naira by FMDQ Exchange.

The company has successfully issued and repaid a total ofN14.54 billion previous commercial papers issuances. Followng the registration of its initial N10 billion commercial paper programme in 2021, the approval of ths commercial paper programmeupsizeby the FMDQ comes on the back of Neveah’s impressive business growth over the last few years. “This is a major milestone for our company,and we are extremely excited for the opportunities this upsize provides for our business growth as it strengthens the company’s capacity to fulfil increasing contractual obligations and fund its short-term working capital needs”says Mr. Ibidapo Lawal, CEO and Founder of Neveah Limited.

The Managing Director, Investment Banking at United Capital Plc, Dr. Gbadebo Adenrele stated that: ‘’United Capital Plc is pleased to have acted as Lead Arranger to Neveah Limited on its successful capital raising rounds and the recent programme upsize to N20billion, which underpins the company’s strategic growth objectives. We will continue to leverage on our considerable knowledge of the capital markets to provide adequate support for Neveah as well as other SMEs and mid-market enterprises seeking to access funding.”

With BBB-and BBB ratings from Agusto & Co and DataPro, the company has demonstrated great financial strength which is as a result of the improvement in the operations of the company. The Company has raised about N15billion and has a standing history of successfully repaying all obligations when they are due without any case of default.

About Neveah Limited
NeveahLimited is a leading indigenous export company in Nigeria that deals in agro commodities, base metal and minor metals. The company exports to over 15 countries in Europe and Asia, with its major markets also spanning across North America. Working closely wth select suppliers for its materials, Neveah provides the best products at the most affordable prices to its global customers. In 2022, Neveah Limited was awarded Sectoral Exporter of the year by the Nigerian Export Promotion Council (NEPC).Neveah limited was recently awarded as the 18th fastest growing company in Africa by the Financial Times.

https://guardian.ng/news/neveah-limited-secures-n20billion-upsize-of-commercial-paper-programme

5 Likes 3 Shares

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by OnlineStreet: 2:48pm On May 17, 2023
Nice

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by BlackAdams007: 3:42pm On May 17, 2023
This is wise, wise ones sees the danger ahead and make way , but the foolish jumps into it without thinking.
Good progress.

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by MANNABBQGRILLS: 3:42pm On May 17, 2023
Very good for them

2 Likes 2 Shares

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by sofeo(m): 3:42pm On May 17, 2023
Congratulation!

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by cassyrooy(m): 3:42pm On May 17, 2023
Good one

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by Oscarchims: 3:43pm On May 17, 2023
Nice one

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by eddynaira125: 3:43pm On May 17, 2023
I Thank God 🙏 for God News

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by damble: 3:44pm On May 17, 2023
Okay nah
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by maxiart2(m): 3:44pm On May 17, 2023
That's nice.

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by 96ACE: 3:45pm On May 17, 2023
cheesy
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by damble: 3:45pm On May 17, 2023
OnlineStreet:
Neveah Limited Secures N20billion Upsize of Commercial Paper Programme

Creates opportunities to support fast-paced business growth.




https://guardian.ng/news/neveah-limited-secures-n20billion-upsize-of-commercial-paper-programme

I wanna be part of your company... please, take me in
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by morikee: 3:49pm On May 17, 2023
I no understand jack here

5 Likes

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by safarilove(m): 3:50pm On May 17, 2023
okay
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by haybhi1(m): 3:52pm On May 17, 2023
Let someone who's adept with economics clarify, please.

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by sanerugwei: 3:59pm On May 17, 2023
What is the rate of returns and the risk of this investment.. for intending investors...
Incomplete reporting... what did I miss?
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by winterfell007(m): 4:02pm On May 17, 2023
haybhi1:
Let someone who's adept with economics clarify, please.

To put it simply. Neveah went to the market to seek for more money in order to expand her export business. The market people(Lenders) deem it fit to lend Neveah more money because of previously they've been repaying the money they borrowed.

8 Likes

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by Skillsnigeria: 4:06pm On May 17, 2023
Okay
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by Lanre4uonly(m): 4:22pm On May 17, 2023
Ok. All the best.

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by haybhi1(m): 4:22pm On May 17, 2023
winterfell007:

To put it simply. Neveah went to the market to seek for more money in order to expand her export business. The market people(Lenders) deem it fit to lend Neveah more money because of previously they've been repaying the money they borrowed.

Thanks Winterfella. May you remain noble.

4 Likes

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by culf: 4:28pm On May 17, 2023
This is great! More success...

1 Like

Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by NutritionGuru: 4:44pm On May 17, 2023
Great guy.
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by Kobicove(m): 7:01pm On May 17, 2023
This is the first time I will hear of this company
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by JohnnA1: 11:49pm On May 17, 2023
Hmm...
Re: Neveah Limited Secures N20billion Upsize Of Commercial Paper Programme by GeneralB: 5:30am On May 18, 2023
Great

(1) (Reply)

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