Valency Agro Nigeria Limited has strengthened its position as one of Nigeria’s leading agro-processing and export companies with the completion of a N13bn Commercial Paper issuance. The issuance, which is part of a larger N40bn Commercial Paper Programme, received approval from the Securities and Exchange Commission and attracted strong interest from institutional investors across the country.
According to a statement issued on Thursday, the offer recorded an 18 per cent oversubscription, showing growing confidence in agriculture as a long-term investment opportunity and in Valency Agro’s reputation for reliability and strong project execution. The notes were issued with tenors of 270 and 360 days and are backed by credit ratings from Global Credit Rating Company and DataPro. These ratings point to the company’s financial discipline, resilience and effective capital management.
By choosing to raise capital through commercial paper instead of relying on conventional bank loans, Valency Agro demonstrated flexibility in its financing strategy. The company said the decision allows it to respond quickly to market opportunities while maintaining full control over its strategic direction.
The proceeds from the N13bn issuance will be used to expand agro-processing facilities for cashew, soybean, cocoa and sesame. The company also plans to improve supply chain infrastructure that links smallholder farmers to international markets. In addition, the funds will support working capital requirements as the company continues to meet rising export demand. These investments, according to Valency, will help create more jobs, promote sustainable farming practices, boost rural livelihoods and strengthen national food security.
The Country Head of Valency Agro Nigeria Limited, Trilochan Ojha, described the success of the issuance as a major milestone for the company. He said, “The successful N13bn 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.”
The Chief Finance Officer for Africa, Valency Agro Nigeria Limited, Amit Bose, also praised the investor response, saying the 18 per cent oversubscription of the Series 13 and 14 issuance shows strong belief in the company’s financial stability and its governance structure. He said the proceeds will help the company meet rising export demand and will further strengthen working capital, ensuring continued growth and positive impact across Nigeria’s agricultural ecosystem.
The Managing Director of FirstCap Limited, Ukandu Ukandu, which served as the lead issuing house, commended Valency Agro for demonstrating consistent performance in Nigeria’s capital markets. According to him, “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 remain committed to supporting their ambitions.”
In the last few years, Valency Agro Nigeria has expanded its footprint by building a major supply-chain complex in Ibadan, developing a world-class processing plant in Oyo State and establishing an industrial park to deepen agro-exports. The company’s growth has been supported by several global partnerships and international certifications, which have further positioned Nigeria as a competitive player in the global agricultural market.
Valency Agro Nigeria continues to contribute to job creation and improved livelihoods for farmers, especially those in rural communities. The company says its long-term goal is to build a more efficient and sustainable agricultural value chain capable of competing globally and supporting Nigeria’s economic diversification efforts.
With the successful completion of the N13bn Commercial Paper issuance, Valency Agro Nigeria Limited is not only raising capital but also reinforcing its commitment to developing a stronger agricultural future for the country and expanding Nigeria’s role in the global food and export market.
