VFD Group Explains Investment In Nigerian Exchange Group

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VFD Group Plc has recently acquired a five per cent stake in the Nigerian Exchange Group (NGX) Plc, making VFD Group one of its majority shareholders.

This, it said, was in alignment with its strategic vision of building Africa’s first diverse business ecosystem, industry-agnostic investment company,

The NGX Group Plc is a leading integrated market infrastructure in Africa, that services the largest economy in Africa and is strengthening the competitiveness of African economies to achieve global prosperity. As a key player in the continent’s financial markets, NGX plays an active role in shaping the future of the markets through its investment in business innovation and technology.NGX Group provides a wide range of services including listing and trading securities, licensing, market data solutions, ancillary technology, regulation, real estate, and more through its wholly-owned subsidiaries; NGX Exchange, NGX REGCO, and NGX RELCO.

The group managing director of VFD Group, Nonso Okpala, said: “our investment in the pioneer exchange company of Nigeria is a strategic play in our ecosystem build, that ensures we are driving global prosperity by investing in businesses that have potential, helping them maximise their potential and supporting the platform that can help portray them to the world.

“Our investment in the NGX Group as the exchange company of choice is due to the wide range of services offered and how they are positioned for growth.”

 

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