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Neveah registers business paper issuance with FMDQ — Enterprise — The Guardian Nigeria Information – Nigeria and World Information

NEVEAH Restricted, a commodities buying and selling firm that offers within the export of strong minerals and agricultural merchandise, has registered N10 billion Industrial Paper issuance with the FMDQ Securities Trade Restricted.

The business paper programme is in step with the corporate’s strategic goal to evolve into a number one vendor and exporter of world-class high quality commodities to its worldwide purchasers, whereas sustaining the very best requirements of company governance, as a way to retain investor confidence.

Based on the Chief Govt Officer, Ibidapo Lawal, “the programme registration represents a milestone in Neveah Restricted’s strategic transformation plan. This chance to entry an alternate supply of funding will assist to fulfill our short-term working capital wants.”

The Head, Capital Markets and Advisory at United Capital, Babatunde Ajayi, said: “United Capital is delighted to behave as sponsor and sole arranger to the Programme.

Neveah Restricted is a registered exporter of agro-commodities and minerals with the Nigerian Export Promotion Council (NEPC) and the corporate was capable of attain an investment-grade ranking from Knowledge Professional, enabling its first entry into the Capital Markets.

“The accepted CP Programme will allow Neveah to faucet the Nigerian debt capital markets. Given the quite a few alternatives within the agro-commodities and mineral area, United Capital is dedicated to the expansion of the trade which is essentially underdeveloped partially because of entry to financing.”

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