Buy Valency Agro Commercial Paper on AssetBase

Yemi

— 2 min read

Nigeria’s economy is undergoing a quiet but powerful transformation. While oil has long dominated government revenues and foreign exchange earnings, global shifts in energy and supply chains are pushing Africa’s largest economy to diversify. Agriculture, with its vast potential and export capacity, is at the heart of this shift.

One company stands out in this story: Valency Agro Nigeria Limited. Over the past few years, Valency has evolved from a strong local exporter into one of the country’s largest non-oil trading and processing companies, with deep roots in cashew, sesame, cocoa, soybeans, ginger, and other commodities. Today, Valency is opening its ₦13 billion Series 13 & 14 Commercial Paper issuance, giving investors the chance to participate in its next phase of expansion.

This article explores Valency’s rise, its financial performance, the global backing behind its operations, and what this new commercial paper means for investors.

Why Invest in Valency Agro?

Valency’s rise has been impressive. The company owns Nigeria’s largest cashew processing plant in Ogun State, operates regional hubs across Kano, Ogbomosho, Ibadan, Anyigba, Ankpa, and the Middle Belt, and runs a sourcing and export network that connects Nigerian farmers directly to global buyers. Beyond raw exports, Valency has also developed consumer-facing products like the Nutrinutz cashew brand, available in chilli pepper, roasted & salted, and honey-coated variants. This combination of scale, integration and diversification makes the company a unique player in Nigeria’s agro space.

The financial performance tells the story clearly. In FY 2025, Valency nearly doubled its revenue to ₦343.1 billion from ₦171.7 billion the previous year. Gross profit also doubled to ₦288.8 billion, and net profit grew by over 100% to reach ₦19.6 billion. Total assets expanded by 29.1%, climbing from ₦66.3 billion in FY 2024 to ₦85.6 billion in FY 2025. With these results, the company has shown it can scale rapidly while maintaining strong efficiency and profitability.

Valency is not doing this alone. The company is backed by Valency International Trading Pte Ltd, a Singapore-based commodity powerhouse, giving it access to global markets and expertise. In 2023, British International Investment (BII), the UK’s development finance institution, invested $15 million to expand Valency Agro’s Nigerian operations, with an option to commit an additional $35 million in equity. This blend of local execution and global backing has positioned Valency as a reliable leader in agricultural exports.

Why the Commercial Paper Matters

Commercial Papers (CPs) are short-term debt instruments that allow companies to raise working capital from investors. For Valency, the ₦13 billion Series 13 & 14 issuance provides funding for its immediate operational needs — sourcing, processing, and exporting commodities at scale. For investors, it represents a chance to earn competitive returns while supporting one of Nigeria’s most dynamic agribusinesses.

Here are the key details of the offer:

  • Tenor: 360 days
  • Annual Implied Yield: 24.75%
  • Expected Yield: 24.36%
  • Minimum Subscription: ₦100,000
  • Offer Open Date: September 1, 2025
  • Maturity Date: August 27, 2026
  • Issuer Credit Rating: ‘BBB+’ (GCR) and ‘A’ (Data Pro)

Investors should note that the investment attracts a 10% Federal Government withholding tax (WHT) and a 2% AssetBase processing fee on the interest component

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