Neveah Limited aims to raise about ₦7 billion through Series 3 and 4 Commercial Papers under its ₦30 billion programme.
Consequently, the company plans to use the funds to strengthen short-term working capital and support its next phase of expansion.
The offer opened on October 8 and will close on Wednesday, October 15.
Meanwhile, United Capital Plc leads the arrangement.
Additionally, joint arrangers AIICO Capital, Coronation, CFG Maynard, FSDH Capital, and Apel Capital & Trust Limited coordinate the issuance.
Neveah Launch Commercial Papers To Raise Capital
The 270-day Series 3 paper carries a discount rate of 20.3816%, providing investors an effective yield of 24%.
Similarly, the 361-day Series 4 paper offers a discount rate of 20.0439%, translating to a 25% effective yield for investors.
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DataPro rates Neveah BBB+, highlighting the company’s strong creditworthiness and growing market presence.
Growth And Global Reach
Initially, Neveah began exporting agricultural products and base metals, registering with the Nigerian Export Promotion Council.
Furthermore, the company has expanded into aluminium and copper recycling, boosting its impact on local and global economies.
In 2025, the Financial Times recognised Neveah’s innovative growth strategy, ranking it 21st among Africa’s Fastest-Growing Companies.
By sourcing high-quality inputs and collaborating closely with suppliers, Neveah continuously refines operations to deliver value to stakeholders.
From commodity trading to industrial recycling, Neveah demonstrates how ambition and strategy transform a Nigerian firm into a global contender.
