Neveah Limited is currently targeting to raise about N7billion from the issuance of series 3 & 4 Commercial Paper (CP). The CP issuance is under its N30 billion CP Programme. The company is raising the N7billion to meet its short-term working capital requirements.
The offer which opened on October 8 is still open is scheduled to close on Wednesday, October 15. United Capital Plc is the lead arranger while joint arrangers are: AIICO Capital, Coronation, CFG Maynard, FSDH Capital, and Apel Capital & Trust Limited.
The 270-day Series 3 commercial paper is issued at a discount rate of 20.3816 percent (effective yield of 24 percent); while 361-day Series 4 commercial paper is issued at a discount rate of 20.0439 percent (effective yield of 25 percent). The Issuer is rated BBB+ by DataPro.
Read also: Why Neveah Limited topped metals, mining category in 2025
Neveah Limited is a fast-growing commodities and trading company registered by the Nigerian Export Promotion Council, specialized in exporting agricultural products, alongside base and minor metals.
Recently, Neveah Limited made its mark on the global stage — ranked 21st on the Financial Times (FT) list of Africa’s Fastest-Growing Companies 2025.
Neveah has expanded into the recycling of aluminium and copper, reinforcing its commitment to boosting both the Nigerian and global economies. By strategically sourcing quality inputs and collaborating with select suppliers, Neveah continuously refines its business processes to deliver exceptional value to stakeholders.