VFD Group Wins NGX Equity Listing For 2023

VFD Group Plc has emerged ‘Listed Company of the Year’ at the Nigerian Exchange (NGX) Made of Africa Awards, a significant recognition of excellence in shaping the Nigerian stock market landscape.

The event, held on December 20, 2023, celebrated companies demonstrating exceptional dedication to driving impact and progress across Nigeria and African capital markets.

Designed to acknowledge outstanding contributions within the capital market ecosystem, the awards spotlight companies and individuals showcasing exceptional performance, value delivery, and sustainable impact. Emphasising adherence to high ethical standards and compliance with NGX’s regulations, the accolades are a testament to VFD Group’s commitment to excellence.

VFD Group’s strategic move to list on the main board of NGX on October 6, 2023, marked a pivotal milestone, contributing over N45 billion to NGX’s market capitalisation.

This not only boosted liquidity in the Nigerian capital market but also created opportunities for wealth creation.
Speaking at the awards ceremony, Group managing director/CEO of VFD Group, Nonso Okpala expressed his excitement, saying, “thank you very much for receiving us warmly once again. Our excitement persists from the earlier visit this year for the Listing, and we are doubly delighted to be here.”

Okpala further said: “I would like to extend my appreciation to the Exchange, who has not only done a fantastic job but has also demonstrated great foresight in positioning the exchange for the future.

“One of the remarkable initiatives, from our perspective, is the creation of the investment company category. This is a revolutionary step for the exchange, and we believe it will have a positive impact as the market recognizes the capacity and potential returns, along with the governance enforcement these companies bring.”

‘This development will undoubtedly enhance trust in the market, leading to increased participation and involvement, which will ultimately be beneficial for the economy,’ Okpala said.

Also, the chief executive officer of Nigerian Exchange Limited, Temi Popoola said: “These awards serve as a platform to showcase the best the capital market has to offer, inspiring more private sector organisations, states and the federal government to list shares, issue debt securities, and inject fresh capital into the market. Through NGX Made of Africa, we remain committed to encouraging and incentivizing our partners, and promoting inclusivity as we contribute to the development of the capital market.”

VFD Group Plc is a proprietary investment company that focuses on building positive and socially conscious ecosystems by aggregating potentially viable businesses with the objective of creating innovative products and solutions that are accessible to the everyday Nigerian citizen and entrepreneur.