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 of these instruments demonstrates the Company’s strong liquidity position, sound financial management practices, and steadfast commitment to honouring its obligations to investors and other stakeholders.

Commenting on the achievement, Ibidapo Lawal, Managing Director of Neveah Limited, stated:

“The successful redemption of our obligations under the Commercial Paper Programme reflects the strength of our business fundamentals, disciplined financial stewardship, and robust cash flow generation capabilities. We are deeply appreciative of the confidence and support extended to us by our investors, and business partners throughout this period.

This milestone not only reinforces our credibility in the Nigerian debt capital market but also shows our commitment to maintaining the highest standards of corporate governance and financial responsibility. As we continue to execute our long-term growth strategy, we remain focused on creating sustainable value for all stakeholders while contributing meaningfully to Nigeria’s economic development.”

Commenting on the successful redemption, Dr. Gbadebo Adenrele, Managing Director, United Capital Investment Banking and Lead Arranger to the issuances, stated:

“The successful redemption of these Commercial Papers is a positive outcome for Neveah and a reflection of the importance of meeting commitments to investors. For companies looking to raise capital, a track record of honouring obligations helps build investor confidence and supports continued access to the debt capital market.

A market where investors have confidence in issuers is better positioned to channel capital to businesses that need it to grow. We congratulate Neveah on the successful redemption of all five series under its Commercial Paper Programme.”

Since its establishment, Neveah Limited has built a strong reputation as a trusted participant in the commodities value chain, driven by operational excellence, innovation, and a commitment to sustainable business practices.

The successful redemption of these issuances further strengthens the Company’s track record in the capital markets and affirms its standing as a dependable issuer.

Looking ahead, Neveah remains committed to leveraging strategic

opportunities to drive growth, expand its market presence, and deliver longterm value to shareholders, investors, customers, and other stakeholders.