Neveah Limited Successfully Repays ₦23.33 Billion Series 1–5 Commercial Paper Issuances
Neveah Limited is pleased to announce the successful redemption of its Series 1 -5 Commercial Papers issued under its N30 billion Commercial Paper Programme, with a total value of ₦23.33 billion. The redeemed issuances comprise: Series 1: ₦3,470,424,000, Series 2: ₦8,280,150,000, Series 3: ₦5,501,686,000, Series 4: ₦4,485,628,000, Series 5: ₦1,595,550,000. The successful and timely redemption […]…
Neveah Limited has announced the successful repayment of ₦23.33 billion in commercial paper obligations. The redemption includes Series 1-5 papers, amounting to ₦3.47 billion, ₦8.28 billion, ₦5.50 billion, ₦4.49 billion, and ₦1.60 billion respectively. Neveah Limited Managing Director Ibidapo Lawal attributed the achievement to the company's robust financial management and cash flow generation.
Dr. Gbadebo Adenrele, Lead Arranger of the issuances, emphasized the significance of meeting investor commitments for building market confidence. Neveah Limited, known for its operational excellence and commitment to sustainable practices, will continue to focus on growth and delivering value to all stakeholders.
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