The N50.7 billion rights issue of VFD Group aimed to fund its expansion drive ad strategic investments across its portfolio companies has commenced.
The exercise, according to information gathered by Business Post, is expected to close on Monday, November 24, 2025.
The company, which sells its shares on the floor of the Nigerian Exchange (NGX) Limited, is offering through the rights issue a total of 5,067,396,400 shares at a unit price of N10.00.
Shareholders will have the opportunity to increase their stake in the firm by getting two new ordinary shares for every three ordinary shares held as of the close of business on Friday, August 8, 2025.
Proceeds from the exercise, which was launched on Monday, would be specifically used to strengthen the capital base of VFD Group, refinance short-term borrowings, and fund its expansion into the United Kingdom and Southern Africa.
“The unified African economy represents a major growth wave, and this capital ensures VFD acquires a significant stake in that growth,” the Managing Director of VFD Group, Mr Nonso Okpala, said.
VFD Group is a diversified proprietary investment company with interests across financial services, real estate, technology, hospitality, and energy sectors.
The organisation continues to demonstrate strong growth, with total assets rising to N295.7 billion in 2024 from N81.7 billion in 2020, and ...-tax profit growing to N8.7 billion from N3.3 billion over the same period.
The firm began with a bold vision; to drive progress in Africa through investments that create lasting impact.
As a growth-oriented investment company, it expressed its committed to building ecosystems that blend economic value with social responsibility, noting that every investment it makes supports sustainable growth, forms meaningful partnerships, and is executed with precision.