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Investment company VFD Group admitted to Nigerian Exchange

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Now worth over N200 billion in total assets, the company teed off operation in 2009 with N2.5 million in initial capital from a group of thirty five investors.

Investment company VFD Group, which this week quit the Lagos-based over-the-counter securities exchange NASD OTC after three years, was Friday admitted on the daily official list of the

In all, 190,027,365 shares at N245 per unit were listed on the Main Board of the exchange, equivalent to a market value of N46.6 billion.L-R: Temi Popoola, CEO Nigerian Exchange Limited; Umaru Kwairanga, Chairman Nigerian Exchange Group; Olatunde Busari, Chairman VFD Group and John Okonkwo, VFD Group’s Executive Director Finance and Risk Management at the Facts Behind the Listing ceremony on Friday.

Listing on a standard exchange provides the company with a gateway to access more capital and more visibility to the investing public. “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,” Mr Okpala further said.

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