More
    HomeIndustryNigeria’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

    South African Fintech Lumepay Raises $6M Pre-Seed to Build Africa’s Institutional Cross-Border Payments Rails

    Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.

    MNT-Halan Shifts From Risky SME Lending as ‘Super-App’ Strategy Lifts Third-Quarter Profit

    The group has actively curtailed its exposure to higher-risk SME lending, which previously formed a larger share of its disbursements.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month

    SA Fintech Yoco Snags $100m Private Credit Facility to Scale SME Lending

    As traditional banks hesitate, the TPG-backed payments group turns to global private credit to shrink South Africa's ZAR 350bn SME credit deficit.

    More like this

    South African Fintech Lumepay Raises $6M Pre-Seed to Build Africa’s Institutional Cross-Border Payments Rails

    Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.

    MNT-Halan Shifts From Risky SME Lending as ‘Super-App’ Strategy Lifts Third-Quarter Profit

    The group has actively curtailed its exposure to higher-risk SME lending, which previously formed a larger share of its disbursements.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month