VFD Group Plc has been honored with the “Listed Company of the Year” award at the Nigerian Exchange (NGX) Made of Africa Awards, held on December 20, 2023. This prestigious recognition underscores VFD Group’s excellence in shaping the Nigerian stock market landscape.
The awards ceremony celebrated companies demonstrating exceptional dedication to driving impact and progress across Nigeria and African capital markets. 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 capitalization. This initiative not only boosted liquidity in the Nigerian capital market but also created opportunities for wealth creation.
Expressing excitement, Nonso Okpala, the Group Managing Director/CEO of VFD Group, acknowledged the warmth received during the listing and commended the NGX for its foresight in positioning the exchange for the future. He highlighted the significance of the creation of the investment company category by NGX and its positive impact on market trust and participation.
The Chief Executive Officer of Nigerian Exchange Limited, Temi Popoola, emphasized the awards’ role in showcasing the best the capital market has to offer. He noted that such recognition encourages private sector organizations, states, and the federal government to list shares, issue debt securities, and inject fresh capital into the market.
VFD Group’s commitment to excellence, adherence to high ethical standards, and compliance with NGX’s regulations were acknowledged through this award, reinforcing its position as a leading player in the Nigerian financial landscape.
