By Aduragbemi Omiyale
The Nigerian Exchange (NGX) Group Plc now has VFD Group as one of its majority shareholders with the recent acquisition of a 5 per cent stake in the company.
The Group Managing Director of VFD Group, Mr Nonso Okpala, described the investment in NGX Group as “a strategic play in our ecosystem build that ensures we are driving global prosperity by investing in businesses that have potential, helping them maximise their potential and supporting the platform that can help portray them to the world.”
“Our investment in the NGX Group as the exchange company of choice is due to the wide range of services offered and how they are positioned for growth,” he added.
He said further that, “Our interest in the NGX is borne out of our desire to be a key player within the exchange business in Nigeria, contribute to the deepening of the Nigerian capital market and be a catalyst for capital formation within the Nigerian economy.”
“With over a decade of operations, VFD Group has carved a niche for itself with over N50bn in equities invested in over 40 businesses without bias for sector or geography and we believe that our stake in the NGX will improve investor confidence in our country, drive capital appreciation and diversify our asset class,” Mr Okpala said further.
Founded in 2009, VFD Group’s business model allows it to operate in major sectors of the economy through its portfolio businesses, providing financial advisory, asset management, real estate, technology, debt and private funds management services, hospitality, insurance brokerage, and media, identifying solution-driven, consumer-centric businesses with growth and economic potential.
It also goes a step further by providing investee companies with the required resources and guidance needed to maximise potential.
The NGX Group Plc is a leading integrated market infrastructure in Africa, that services the largest economy in Africa and is strengthening the competitiveness of African economies to achieve global prosperity.
As a key player in the continent’s financial markets, NGX plays an active role in shaping the future of the markets through its investment in business innovation and technology.
NGX Group provides a wide range of services including listing and trading securities, licensing, market data solutions, ancillary technology, regulation, real estate, and more through its wholly-owned subsidiaries – NGX Exchange, NGX REGCO, and NGX RELCO.
