December 24, (THEWILL) – VFD Group emerges Listed Company of the Year at the NGX Made of Africa Awards, a significant recognition of excellence in shaping the stock market landscape. The event, held on December 20th, 2023, celebrated companies demonstrating exceptional dedication to driving impact and progress across Nigeria and African capital markets.
Designed to acknowledge outstanding contributions within the capital market ecosystem, the awards spotlight companies and individuals showcasing exceptional performance, value delivery, and sustainable impact. Emphasizing adherence to high ethical standards and compliance with NGX’s regulations, the accolades are a testament to VFD Group’s commitment to excellence.
VFD Group was announced as the winner of the Listing of the Year (Equity) award at an intimate cocktail event held on the 9th floor of the Nigeria Exchange Limited. The company’s strategic move to list on the Main Board of NGX on October 6, 2023, marked a pivotal milestone, contributing over N45 billion to NGX’s market capitalization. This not only boosted liquidity in the Nigerian capital market but also created opportunities for wealth creation.
At the Closing Gong Ceremony, marking the end of the awards ceremony, Nonso Okpala, Group Managing Director/CEO of VFD Group, expressed his excitement, “Thank you very much for receiving us warmly once again. Our excitement persists from the earlier visit this year for the Listing, and we are doubly delighted to be here.”
Okpala went on to commend the leadership of the Exchange, especially the CEO, Temi Popoola, whom he believes has done a fantastic job. “I would like to extend my appreciation to the Exchange, under the commendable leadership of Temi Poopola, who has not only done a fantastic job but has also demonstrated great foresight in positioning the exchange for the future. One of the remarkable initiatives, from our perspective, is the creation of the investment company category. This is a revolutionary step for the exchange, and we believe it will have a positive impact as the market recognizes the capacity and potential returns, along with the Governance Enforcement these companies bring. This development will undoubtedly enhance trust in the market, leading to increased participation and involvement, which will ultimately be beneficial for the economy.”
Also speaking at the at the awards, The Chief Executive Officer of Nigerian Exchange Limited, Temi Popoola said, “These awards serve as a platform to showcase the best the capital market has to offer, inspiring more private sector organizations, states and the federal government to list shares, issue debt securities, and inject fresh capital into the market. Through NGX Made of Africa, we remain committed to encouraging and incentivizing our partners, and promoting inclusivity as we contribute to the development of the capital market.”
