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With a strong presence in the domestic economy, VDF Group has finally debuted on the trading floor of the Nigerian Exchange, giving investors the leeway to benefit from it’s deep investment prowess.
According to the Nigerian Exchange Group Plc, “We must recognize the unwavering commitment of the Board and Management of VFD Group in making this listing a reality, as well as the pivotal roles played by all the professional parties involved in the transaction. Securing a listing on the NGX Main Board entails a steadfast commitment to elevated standards of disclosure and corporate governance. This significant listing heralds a fresh chapter for VFD Group plc to leverage NGX’s value-added services and capital market products to fulfill its strategic objectives.”
Temi Popoola, CEO, NGX who made this remark, further stated that, “We extend a warm welcome to VFD Group as it joins our prestigious market. The decision to list on NGX not only promises to augment VFD Group’s liquidity but also strategically positions it to attract investments from the global arena. Additionally, this move is poised to elevate the organization’s market value whilst further advancing transparency and corporate accountability.
“Our marketplace is a highly reputable platform for raising capital and facilitating sustainable growth for national development. As the preferred listing platform in the region, we are dedicated to collaborating with companies at different growth stages to explore diverse capital market opportunities that align with their business goals.”
Last month, the Group voluntarily delisted its 190 million shares previously traded on the NASD Securities Exchange in order to be quoted on NGX.
VFD Group, a proprietary investment company with a diverse portfolio that includes banking, non-banking financial institutions, market infrastructure, technology, real estate, hospitality, media, entertainment, and energy, recently announced the successful redemption of its Series 1 commercial paper valued at N4.2 billion.
The redemption demonstrates VFD Group’s commitment to maintaining a strong financial position, fostering investor confidence, and meeting its obligations on time. With an unwavering focus on innovation and excellence, VFD Group has consistently demonstrated resilience in an ever-changing market landscape, positioning itself as a leading player in Nigeria’s investment sphere.
Photo Caption:
Left – Right shows Jude Chiemeka, Divisional Head, Capital Markets, NGX; Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Alhaji Dr. Umaru Kwairanga, Chairman Nigerian Exchange Group Plc; Olatunde Busari, SAN; Chairman VFD Group Plc; Nonso Okpala, Group Managing Director/CEO, VFD Group and John Okonkwo, Executive Director, VFD Group during the Facts Behind the Figures presentation at NGX on Friday, October 6, 2023 in Lagos.
