VFD Group Plc, a prominent player in Nigeria’s financial landscape, has successfully redeemed its N4.24 billion Series 4 Commercial Paper, marking another milestone in its commitment to financial stability and investor confidence. This redemption, completed on schedule, underscores the Group’s robust liquidity position and proactive approach to debt management. The Series 4 Commercial Paper, issued on December 19, 2024, was part of a larger N20 billion Commercial Paper Programme established in 2022, designed to provide the Group with flexible access to short-term funding for operational needs and strategic initiatives. The full redemption not only fulfills VFD Group’s obligations to its investors but also reinforces its reputation as a reliable and trustworthy participant in the Nigerian debt capital market.
The successful redemption of the Series 4 Commercial Paper serves as a testament to VFD Group’s strategic financial management and its ability to navigate the dynamic economic landscape. The company’s consistent oversubscription of its commercial paper issuances since the inception of the program highlights the strong market confidence in VFD Group’s financial performance and growth prospects. This positive market reception reflects the Group’s sound business strategies, effective risk management practices, and its ability to generate consistent returns for investors. The timely redemption further reinforces VFD Group’s commitment to maintaining a strong financial foundation and meeting its financial obligations in a timely and efficient manner.
VFD Group’s financial strength is further evidenced by its impressive half-year 2025 performance, where it reported gross earnings of N41.17 billion and a total asset base of N356.87 billion. These figures demonstrate the Group’s resilience and its ability to capitalize on market opportunities to drive sustainable growth. The strong financial performance provides a solid backdrop for the Group’s ongoing expansion and investment initiatives, further solidifying its position as a key player in the Nigerian financial sector. The robust financial performance also reinforces the Group’s commitment to creating value for its shareholders and stakeholders, through strategic investments and prudent financial management.
Nonso Okpala, the Group Managing Director/Chief Executive Officer of VFD Group, emphasized the significance of the Series 4 redemption, highlighting the company’s resilience and strategic focus. He attributed the success to the company’s ability to leverage favorable market conditions and create value for the Nigerian economy. Okpala noted that the successful redemption validates the market’s willingness to provide debt capital to businesses demonstrating strong financial performance and sound growth strategies. He further emphasized the Group’s commitment to unlocking value for its shareholders and investors through its globalization strategy, which aims to expand the company’s reach and diversify its revenue streams.
Folajimi Adeleye, the Group’s Executive Director for Finance and Investor Relations, echoed Okpala’s sentiments, attributing the timely redemption to the Group’s disciplined liquidity management practices. Adeleye highlighted the strategic importance of the commercial paper program, which allows the Group to address short-term operational needs while preserving capital for long-term investments and strategic initiatives. He emphasized that the Series 4 redemption aligns perfectly with the Group’s overall growth strategy, providing the necessary financial flexibility to pursue its ambitious expansion plans and capitalize on emerging market opportunities. Adeleye’s remarks further underscore VFD Group’s commitment to prudent financial management and its focus on long-term sustainable growth.
Since the establishment of the N20 billion Commercial Paper Programme in 2022, VFD Group has consistently demonstrated its proficiency in managing short-term debt. The Group has successfully completed multiple issuances and redemptions, strengthening its credibility and reinforcing its position as a trusted participant in Nigeria’s debt capital market. This consistent track record of timely redemptions not only builds confidence among investors but also enhances the Group’s access to future funding opportunities. The successful management of the commercial paper program further underscores VFD Group’s commitment to maintaining a strong financial profile and its dedication to upholding the highest standards of corporate governance and financial responsibility.
