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    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

    Partner Content

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    By Staff Writer
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    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. 

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