VFD Group lists on NGX
VFD Group, an investment firm, has listed its shares on the Nigerian Exchange. The firm plans to raise 32.5 billion naira from a blend of equity and debt, with 12.5 billion naira to be sourced through the sale of shares. Nonso Okpala, CEO of VFD Group, joins CNBC Africa for this discussion.
Fri, 06 Oct 2023 14:31:01 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- VFD Group's strategic investment approach and focus on turning around underperforming companies
- The company's emphasis on governance, clear-cut strategy, and accountability in its investment decisions
- VFD Group's upcoming capital raise of 12.5 billion naira through rights offering and its positive track record of dividend payments
VFD Group, a renowned investment firm, has made a significant move by listing its shares on the Nigerian Exchange. The company is aiming to raise a considerable amount of capital, totaling 32.5 billion naira, through a mix of equity and debt financing. Out of this amount, 12.5 billion naira will be generated specifically from the sale of shares. Nonso Okpala, the CEO of VFD Group, recently sat down with CNBC Africa to delve into the details of this pivotal listing and shed light on the company's future prospects. Okpala began by highlighting the opportune timing of VFD Group's decision to debut on the exchange, emphasizing the favorable economic climate in Nigeria and the government's progressive stance. He underscored the firm's impressive growth trajectory over the past 14 years, during which it has seen a remarkable expansion in its shareholders' fund and total assets. Okpala urged Nigerian youths to draw inspiration from VFD Group's success story and encouraged them to pursue their entrepreneurial ambitions with vigor and determination.
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