Blog

16
Jul

PRESS RELEASE – VFD Group Concludes a Successful Business Exit of Germaine Auto Center.

Lagos – Nigeria, 15 07 2019: — VFD Group Plc (“VFD Group”, “VFD”) announces its divestment from Germaine Auto Center (“GAC”) after a period of two and a half years investment. In 2016, VFD Group bought a 30% stake in GAC in a deal that ceded management control to VFD. This deal was meant to give a new lease of life

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17
Jun

Shareholders Information

VFD Group Plc Declares Dividend of N2.20 per share Shareholders of VFD Group Plc have commended the Board, Management and Staff of the financial services group for recording an impressive performance in 2018 inspite of the challenging macroeconomic and regulatory environment. The commendation was given at the 3rd Annual General Meeting (AGM) of the Group and first as a Public
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7
May

VFD GROUP PLC APPOINTS MOBOLAJI ADEWUMI AS AN EXECUTIVE DIRECTOR

VFD GROUP PLC APPOINTS MOBOLAJI ADEWUMI AS AN EXECUTIVE DIRECTOR, FINANCE The Board of Directors of VFD Group Plc (“VFD Group”, “VFD” or “the Company”) is delighted to announce the appointment of Mobolaji Adewumi as an Executive Director, Finance of VFD Group Plc. The appointment is subject to the approval of shareholders at the next Annual General Meeting (AGM). Mobolaji
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15
Apr

Fresh Experience – Olufemi Oke

Q: Its Exactly your first week with the brand, how has it been thus far? A: Wow, the buzz and energy in this place is unbelievable. Lots of young yet really matured people making everyday decisions that affects and sets the tone for African business trend. It is just incredible the amount of talent hosted by the brand. Naturally, I
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15
Apr

Fresh Experience – Francis Amos

VFD GROUP CELEBRATES FRANCIS AMOS FIVE YEARS OF SERVICES Q: Congratulations Francis, it’s your 5th year celebration with the firm, how has it been thus far? I would say that the experience so far has been good. I would not deny that I have had many challenges thriving in my career at VFD Group but the good thing is that
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4
Mar

vfd group records 175% over-subscription on debt note offer

VFD GROUP RECORDS 175% OVER-SUBSCRIPTION ON DEBT NOTE OFFER VFD Group, a financial service focused investment group based in Lagos has recorded a 175% oversubscription on its Debt Note product offer. According to the group, it issued fixed rate unsubordinated secured Debt Notes of N1m only per note to sophisticated individual and corporate investors. The offer, designed to raise N300m
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15
Jan

VFD GROUP SUCCESSFULLY RAISE OVER NGN 2.7BILLION CAPITAL FROM RIGHTS ISSUANCE AND PRIVATE PLACEMENTS

VFD Group successfully completed its capital raise exercise in December 2018, gathering NGN 2.78billion from rights issuance and private placements against the original NGN 2billion target. The Group had planned to raise NGN 1billion from existing shareholders via rights and the other NGN 1billion via private placement from new shareholders. The offer opened on December 3, 2018, with Kairos Capital

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10
Jan

VFD GROUP AND OTHER KEY STAKEHOLDERS SELL STAKE IN NEM INSURANCE PLC

VFD Group has in an agreed trade sold a significant block of its stake in NEM Insurance Plc. The sale occurred in conjunction with other key stakeholders of the insurance company. A combined block of one billion, six hundred million (1,600,000,000) ordinary shares of NEM Insurance Plc, representing about 30% of the latter’s issued share capital, was sold to new

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9
Jan

PARTICIPANTS OF VFD GROUP’S 2018 GT PROGRAM SHARE THEIR EXPERIENCE

VFD Group’s 2018 Graduate Trainee Program came to an end few weeks ago and of the 8,000 applications that were received, only 16 young, smart and talented graduates were employed. VFD Group graduate trainee program is a rigorous 12 weeks on-the-job-training that includes an accounting boot camp, a sales boot map, soft skills and hard skills training, subsidiary rotations and

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21
Dec

VFD Group Concludes Its 2018 Graduate Trainee Program

VFD Group kicked off its 2018 Graduate trainee program on September 10, 2018 after a rigorous 3 staged selection process that included a computer-based test, group assessment and an interview. 21 out of the 8,000 applicants scaled through all stages of the recruitment process and were consequently admitted into VFD Group 2018 Graduate Trainee Program. The program comprised of 12
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