Neveah Ltd Redeems N2.92bn Commercial Papers

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Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has fulfilled its obligation by redeeming the N2.92 billion Series 7, 8, and 11 commercial papers issued between February and July 2023.

The issuance of the commercial papers was attributed to the company’s growth trajectory.

Commenting on the redemption, Mr. Ibidapo Lawal, the Chief Executive Officer of Neveah, emphasized the company’s steadfast commitment to becoming a leading indigenous export company for solid minerals and agricultural products in Nigeria.

He highlighted Neveah’s dedication to utilizing capital market funds to enhance its revenue and profitability. This reflects the company’s strategic focus on sustainable growth and development.

Source: PUNCH

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