Tag: VFD Group

Business

VFD Group profit surges 61.5% to ₦7.9bn in nine months

VFD Group Plc recorded a robust performance for the period ended September 30, 2025, with nine-month profit before tax rising to ₦7.9 billion, representing a 61.5 per cent increase from ₦4.9 billion in the same period last year. This momentum carried through to the bottom line, as profit after tax climbed 48.5% to ₦6.6 billion, […]

VFD Bank Records ₦366m profit in 2024, reverses two-year loss
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VFD Bank Records ₦366m profit in 2024, reverses two-year loss

VFD Microfinance Bank, the digital-first banking arm of VFD Group Plc, has posted a profit of ₦366 million ($232,233) for the 2024 financial year, marking a sharp turnaround from a ₦211 million ($132,739) loss recorded in 2023. The improvement also represents a significant leap from the modest ₦1.8 million ($1,127) profit reported in 2022, according […]

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VFD Group appoints Ibraheem Abe as non-executive director 

VFD Group Plc has announced the appointment of Ibraheem Nahim Abe, current Chairman of Veritas Kapital Assurance, and Hubert Asamoah of VFD Ghana as Non-Executive Directors. This was disclosed in a notice filed by the company’s secretary, Gbeminiyi Shoda with the NGX on Friday. In the public notice, Morenike Ominike, the Chief Operating Officer of […]

VFD Group Plc gets approval to list shares
Business

VFD Group Plc gets approval to list shares

The private investment company VFD Group Plc, which is unconstrained by industry, declared today that it has been given permission to float its shares on the Nigerian Exchange Limited. The Times reported that the stock of the corporation will soon start trading. “We are thrilled to have received approval to list on the Nigerian Exchange Limited, […]