• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Neveah Secures N20bn Upsize Of Commercial Paper Programme

Creates opportunities to support fast-paced business growth

by Solomon Nda-Isaiah
2 years ago
in Business
CEO/founder, Neveah Limited, Mr Ibidapo Lawal.

CEO/founder, Neveah Limited, Mr Ibidapo Lawal.

Share on WhatsAppShare on FacebookShare on XTelegram

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

Advertisement

The company has successfully issued and repaid a total ofN14.54 billion previous commercial papers issuances. Following the registration of its initial N10 billion commercial paper programme in 2021, the approval of this commercial paper programme upsize by 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,” said 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.

RELATED

Business Summit Partners UWEAL To Empower African Entrepreneurs

Business Summit Partners UWEAL To Empower African Entrepreneurs

17 hours ago
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

21 hours ago

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Customs Intercepts N1.8bn Tramadol Imported From India, Pakistan

Next Post

Stakeholders Push For Safer Roads, Enhanced Data Collection

Solomon Nda-Isaiah

Solomon Nda-Isaiah

You May Like

Business Summit Partners UWEAL To Empower African Entrepreneurs
Business

Business Summit Partners UWEAL To Empower African Entrepreneurs

2025/08/02
New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations
Business

New Dangote Refinery CEO Reveals Plan To Expand Plant’s Operations

2025/08/02
FUEL CRISIS…Hold Marketers Responsible For Long Queues – Dangote
Business

Dangote Refinery Appoints David Bird As CEO

2025/08/02
Nestlé Equips Over 3.7m Children In 2023
Business

Nestle Nigeria Deepens Grassroots Impact With Women Empowerment Initiative

2025/08/02
Wema Bank Rewards 131 Customers With N11m In ‘5 For 5’ Promo Monthly Draw
Business

Wema Bank Grows Profit by 231% in H1 2025

2025/08/02
United Capital Appoints Uche Ike As New Chairman
Business

United Capital Appoints Uche Ike As New Chairman

2025/08/02
Leadership Conference advertisement

LATEST

Mali Charges Ex-PM With Undermining The State

FG Committed To Transforming Agriculture Sector – VP Shettima

Nigerian Courts’ Ambiguous Judgments

Activists Clash With Police, Anti-Migrant Protesters In UK

Family Condemns Hamas Video Showing Emaciated Israeli Hostage

Experts Oppose One-Day 2027 Elections

Uncertainty Over NNPC CEO’s Alleged Resignation

Trump Fires Lead Official On Economic Data

Gov Sani Distributes 400 Trucks Of Fertilizer To Farmers

Women, Children Most Affected As Over 684 Lives Lost To Boat Mishaps Within 2 Years

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.