VFD Group Plc, a dynamic and diverse proprietary investment company, has achieved a significant milestone by officially listing on the Main Board of the Nigerian Exchange Limited (NGX).
The listing, celebrated with a Closing Gong ceremony and a Fact Behind the Listing Presentation on Friday, October 6, 2023, marks an exciting phase in VFD Group’s journey.
The listing of VFD Group on NGX has added over N45 billion to NGX’s market capitalization, boosting liquidity and providing opportunities for wealth creation in the Nigerian capital market.
VFD Group is a forward-thinking investment company that is committed to building positive and socially conscious ecosystems.
It achieves this by aggregating potentially viable businesses to create innovative products and solutions accessible to ordinary Nigerians and entrepreneurs.
This strategic listing on NGX is aimed at increasing VFD Group’s visibility, enhancing its access to capital, and improving liquidity, ultimately benefiting its valued investors and stakeholders.
Olatunde Busari SAN, Chairman of VFD Group, expressed his pride in this achievement, stating, “We are excited to join the distinguished ranks of companies listed on the Exchange, and we are confident that this step will provide us with the resources we need to continue our growth trajectory and serve our shareholders even better.”
Nonso Okpala, Group Managing Director/CEO of VFD Group Plc, echoed this excitement, saying, “This is a momentous occasion for VFD Group. Our journey from a boutique investment firm to a publicly traded company on the Nigerian Exchange reflects the dedication and hard work of our entire team. We are excited about this new chapter and the opportunities it brings to further strengthen our market position.”
He further emphasized the group’s strategic goal of creating Africa’s first diverse business ecosystem and highlighted the outstanding performance of the group in various sectors beyond financial services.
Alhaji (Dr) Umaru Kwairanga, Chairman of Nigerian Exchange Group Plc, commended the commitment of VFD Group’s Board and Management in achieving this listing.
He highlighted the significance of listing on the NGX Main Board, emphasizing the importance of elevated standards of disclosure and corporate governance.
Temi Popoola, CEO of NGX, extended a warm welcome to VFD Group, highlighting the potential for increased liquidity and global investments.
He also stressed the role of NGX as a reputable platform for raising capital and facilitating sustainable growth for national development.
VFD Group’s decision to voluntarily delist its shares from the NASD Securities Exchange last month reflects its strategic move to be quoted on NGX, positioning itself for further growth and market value elevation.