VFD Group raises ₦27.2 billion via CP issuance
VFD Group Plc successfully raised ₦27.2 billion through its Series 1 Commercial Paper under its ₦50 billion CP Programme, following 100% over subscription of the initial ₦15 billion offer—demonstrating strong confidence from institutional and eligible investors in the Group’s credit profile and longterm strategic direction. The CP was issued across 270 day and 364 day tenors, attracting broad participation from asset managers, insurance firms, and other qualified investors. Proceeds will support short term working capital and general corporate purposes in line with VFD’s disciplined liquidity and capitalmanagement strategy. Executive Director of Finance, Folajimi Adeleye, noted that the response highlights VFD Group’s operational resilience and effective funding diversification, positioning the company for sustainable growth across its diversified investment portfolio and continued strength in Nigeria’s capital markets.