Osnon Capital buys 13.2 million shares of VFD Group worth N211.2 million 

The development was disclosed in a statement published on the Nigerian Exchange and signed by the Company Secretary, Olalekan O. Fasugba.

According to the announcement, the shares were purchased at a price of N16.00 each on May 12, 2025, with the transaction recorded under the identification code NGVFDGROUP04.

This purchase is expected to boost investor confidence, especially as it follows a series of positive developments within the company in 2025.

VFD Group has experienced a wave of positive developments so far in 2025.

The move is aimed at boosting the bank’s capacity to deliver innovative financial services and deepen its market presence.

Financially, the VFD made a strong comeback in 2024, reporting a pre-tax profit of N11.2 billion, a remarkable turnaround from the N1 billion loss posted in 2023.

The positive trend has continued into 2025.

VFD Group ended 2024 with a year-to-date gain of 9% on the Nigerian stock market, as its share price rose from N40.60 to N44.40.

January 2025 saw no price movement, with the stock holding steady at N44.40 despite a trading volume of 4.3 million shares.

Momentum picked up in mid-February, driving the stock above the N50 mark and closing the month at N52.40.

So far in May, the company’s shares are trading at N15.00.