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Abuja, Sept.16, 2024 The Chief Executive Officer of Neveah Ltd, Mr Ibidapo Lawal, says the company has cleared all debts under its 20 billion naira commercial paper programme.

Lawal made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja.

According to him, the leading commodity trading company which specialises in the export of solid minerals and agriculture produce has also redeemed its N1.9 billion series 15 commercial paper notes issued in November 2023.

“Since commencement of operations in 2014, Neveah has experienced remarkable growth, with revenues increasing by over 858 per cent from 2019 to 2023.

“The company has evolved from a small commodity trading operation into a leading dealer and exporter of high-quality solid minerals and agro-commodities.

“To date, it has successfully raised a cumulative total of N25.51 billion through its Series 1-15 Commercial Paper Issuances to address working capital needs, all of which have been entirely repaid’’, he said.

According to him, the firm started with the vision to responsibly trade indigenous products on a global scale.

“This has not always been easy, considering the trying economic times we find ourselves in.

“However, we have always been able to count on the support of our investors in the CP market who have always given us a chance from the early days.