VFD Group targets N15bn from series 1 Commercial Paper issuance

VFD Group Plc is targeting to raise up to N15 billion from the issuance of its Series 1 (Tranche A & B) Commercial Paper (CP) under its N50 billion Commercial Paper issuance programme. The net proceeds of the CP issuance will be used by VFD Group to support short-term working capital needs and funding requirements.

VFD Group is a proprietary investment company with a diversified portfolio spanning sectors such as banking, non-banking financial services, market infrastructure, technology, real estate, hospitality, media, entertainment, and energy.

The unaudited consolidated and separate financial statements for the year ended December 31, 2025 shows that VFD Group Plc profit rose slightly to N9.681billion from N8.693billion in 2024. The Group maintains a stable outlook, supported by its short-term A1 rating from DataPro.

Related News

“The Group maintains a sector-agnostic approach, actively identifying and investing in viable opportunities to deliver optimal returns for both retail and institutional investors,” according to Meristem Capital Limited, the Joint Arranger/Issuing and Placing Agent of the Commercial Paper issuance.

VFD Group Plc had raised N50.673billion through a Rights Issue which closed on December 26, 2025. The Rights Issue provided eligible shareholders with an opportunity to subscribe for 2 new ordinary shares for every 3 existing ordinary shares held, at a subscription price of N10 per share. The programme formed part of the Company’s broader strategy to reinforce its capital base, support long-term growth, and enhance shareholder value.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.