Export company launches N10bn commercial paper

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Neveah Limited, an exporter of agro-commodities and solid minerals company, has announced the redemption of its N2.7bn Series 1 Commercial Paper under a debut N10bn commercial paper.

In a statement, Neveah also disclosed the renewal of its credit rating while explaining the successful redemption of its Series 1 commercial paper proceeds at maturity.

“This redemption evidences Neveah’s commitment to fulfilling its obligations while optimally utilising proceeds for its short term working capital needs.”

 

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