L – R: Amit Bose, CFO Africa, Valency Agro Nigeria Limited; Trilochan Ojha, country head, Valency Agro Nigeria Limited; Ukandu Eme Ukandu, managing director, FirstCap Limited and Oluseun Olatidoye, head, capital markets, FirstCap Limited during the issuance.
Valency Agro Nigeria Limited, a player in the country’s agricultural sector, has successfully raised N13 billion through the issuance of series 13 and 14 commercial papers, demonstrating strong investor confidence in the company’s growth projects.
The issuance is part of a larger N40 billion CP Programme and has experienced an 18 percent oversubscription, attracting strong interest from institutional investors in Nigeria. This reflects a growing confidence in agriculture as a long-term value driver and in Valency’s proven track record of successful delivery.
The notes, with a tenor of 270 and 360 days, are supported by credit ratings from Global Credit Rating Company (GCR) and DataPro, which highlight Valency’s operational resilience and disciplined capital management.
Speaking on this achievement, Trilochan Ojha, the country head of Valency Agro Nigeria Limited, stated, “The successful N13 billion issuance marks a defining moment for Valency Agro Nigeria.”
“It reaffirms the trust that institutional investors have in our vision to build a stronger, globally competitive agricultural value chain from Nigeria.”
“Our goal is clear: to create sustainable value for all stakeholders—farmers, employees, investors, and communities.”
Also, Amit Bose, CFO Africa of Valency Agro Nigeria Limited, added, “The 18 percent oversubscription of our Series 13 and 14 Commercial Paper is a strong endorsement of Valency Agro Nigeria’s financial strength, governance, and disciplined capital management.”
“Importantly, the proceeds will enhance our working capital to meet the rising export demand. This positions Valency for continued growth while delivering measurable impact across the agricultural ecosystem.”
By opting for commercial paper instead of traditional bank loans, the company demonstrates both agility and foresight, effectively seizing market opportunities while maintaining control over its strategic direction.
The proceeds from this issuance will be used to expand agro-processing facilities for cashew, soybean, cocoa, and sesame, as well as to strengthen the supply chain infrastructure that connects smallholder farmers with global markets.
Additionally, these funds will support working capital needs to meet the growing demand for exports and promote sustainable practices that create jobs, improve rural livelihoods, and contribute to national food security.[EA1]
Ukandu E. Ukandu, managing director of FirstCap Ltd, the lead issuing house on the transaction, said Valency continues to exemplify resilience and strategic excellence in the Nigerian capital markets.
“Their consistent performance and forward-looking approach make them a standout player in the industry. At FirstCap, we are proud to be a trusted partner in their growth journey, and we remain committed to supporting their ambitious vision.”
In recent years, Valency Agro Nigeria has expanded its presence in the country by establishing a supply-chain complex in Ibadan, laying the groundwork for a world-class processing plant in Oyo State, and launching an industrial park aimed at enhancing Nigeria’s agro-exports.
