VFD Group targets N6bn from series 5 Commercial Paper issuance

VFD Group Plc targets to raise up to N6 billion from its 270 days Series 5 Commercial Paper issuance (the Offer) under its N20 billion Commercial Paper (CP) issuance programme.

The Offer which opened on Monday February 10 closes on Friday February 14.

VFD Group is a proprietary investment company with a diversified portfolio spanning multiple sectors, including banking, non-banking financial services, market infrastructure, technology, real estate, hospitality, media, entertainment, and energy, maintaining a sector-agnostic approach.

As highlighted in the December 2024 Management Account, VFD Group achieved an impressive 99 percent growth in gross earnings, reaching N83.2 billion, up from N41.8 billion in 2023.

Stock market records highest daily gain in February

By Iheanyi Nwachukwu • February 12, 2025

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.