More
    HomePartner ContentNigeria’s Fewchore Finance Issues $3.4 Million in Commercial Paper Programme

    Nigeria’s Fewchore Finance Issues $3.4 Million in Commercial Paper Programme

    Published on

    spot_img

    Fewchore Finance Company Limited (Fewchore) has achieved significant milestones with the successful issuance of a N5 billion Commercial Paper Programme on the FMDQ Exchange and by receiving investment grade ratings from Agusto & Co. and DataPro Limited.

    Fewchore’s N5 billion Commercial Paper Programme signifies its admittance onto the FMDQ Exchange, a reputable platform for debt securities issuance in Nigeria.

    Fewchore Finance ’s creditworthiness and financial stability have been further validated by the reputable rating agencies Agusto & Co. and DataPro Limited. Agusto & Co., known for its stringent assessments, awarded Fewchore a BBB- rating, while DataPro Limited assigned a BBB+ rating. These ratings indicate Fewchore’s capacity to meet its financial obligations and position it as a sound investment option.Since its inception in January 2018, Fewchore has established itself as a leading financial services provider in Nigeria. The company operates under the regulatory oversight of the Central Bank of Nigeria (CBN), ensuring adherence to best practices and client protection. Fewchore’s financial strength is further solidified by its over N10 billion balance sheet, reflecting consistent profitability and responsible financial management.

    Fewchore maintains a strong presence across various Nigerian states, with its operational headquarters located in Lagos and Abuja. This strategic geographic reach allows the company to cater to a broader client base and foster economic growth in different regions. 

    Latest articles

    ‘Our Operations Remain Unaffected’: Livestock Wealth Plays Down Impact of FSCA Sanctions

    "Livestock Wealth (Pty) Ltd has been operational since 2015 without interruption."

    Japanese Solar Giant WASSHA Acquires Kenyan Mobility Startup Zaribee

    Zaribee, formerly known as Unchorlight Kenya, specializes in a rent-to-own model for motorcycle taxi (boda boda) riders.

    Island Life, Electric Vibes: The 2035 Deadline Sparking an EV Hardware Scramble in Mauritius

    While Mauritius is world-renowned for its turquoise waters, its domestic energy goals are increasingly industrial.

    “Frictionless” No More: Nigeria’s Tax Reforms Turn Delaware Flips into Million-Dollar Liabilities

    Under Nigeria’s sweeping Tax Reform Acts, what was once a simple paperwork exercise has become a high-stakes tax event that can trigger massive liabilities before a single dollar of new investment reaches the bank.

    More like this

    ‘Our Operations Remain Unaffected’: Livestock Wealth Plays Down Impact of FSCA Sanctions

    "Livestock Wealth (Pty) Ltd has been operational since 2015 without interruption."

    Japanese Solar Giant WASSHA Acquires Kenyan Mobility Startup Zaribee

    Zaribee, formerly known as Unchorlight Kenya, specializes in a rent-to-own model for motorcycle taxi (boda boda) riders.

    Island Life, Electric Vibes: The 2035 Deadline Sparking an EV Hardware Scramble in Mauritius

    While Mauritius is world-renowned for its turquoise waters, its domestic energy goals are increasingly industrial.