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By Chukwuma Umeorah
VFD Group has emerged as the Listed Company of the Year at the Nigerian Exchange Group (NGX) Made-of-Africa Awards 2023.
The awards, held in December 2023, was designed to recognize outstanding contributions within the capital market ecosystem. It spotlights companies and individuals showcasing exceptional performance, value delivery, and sustainable impact in the market. The recognition of VFD Group underscored its commitment to high ethical standards and strict compliance with NGX’s regulations driving impact and progress across the Nigerian and African capital markets.
The company’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 not only boosted liquidity in the Nigerian capital market but also created opportunities for wealth creation.
The Group Managing Director/CEO of VFD Group, Nonso Okpala who spoke at the Closing Gong, marking the end of the awards ceremony expressed his excitement, “Thank you very much for receiving us warmly once again. Our excitement persists from the earlier visit this year for the Listing, and we are doubly delighted to be here.”
Okpala commended the GMD/CEO, NGX Group, Temi Popoola and the leadership of the Exchange, for the collective effort at improving the market. “I would like to extend my appreciation to the Exchange, under the commendable leadership of Temi Popoola who has not only done a fantastic job but has also demonstrated great foresight in positioning the exchange for the future.”
He added, “One of the remarkable initiatives, from our perspective, is the creation of the investment company category. This is a revolutionary step for the exchange, and we believe it will have a positive impact as the market recognizes the capacity and potential returns, along with the Governance Enforcement these companies bring. This development will undoubtedly enhance trust in the market, leading to increased participation and involvement, which will ultimately be beneficial for the economy.”
On his part, Popoola said, “These awards serve as a platform to showcase the best the capital market has to offer, inspiring more private sector organizations, states and the federal government to list shares, issue debt securities, and inject fresh capital into the market. Through NGX Made of Africa, we remain committed to encouraging and incentivizing our partners, and promoting inclusivity as we contribute to the development of the capital market.”
