VFD Group Shareholders Approve 0.25 Naira Dividend per Share

Kayode Tokede

At its 10th Annual General Meeting (AGM) held in Lagos, shareholders of VFD Group Plc approved a dividend of N0.25 per share for the financial year ending 31 December 2025.

The AGM, themed “Level Up: Positioned for What’s Next,” convened shareholders, board members, regulators, investors and other key stakeholders to review the Group’s 2025 performance and discuss corporate resolutions that will shape the next phase of growth.

Other resolutions adopted included the re‑election of Ms Omolola Bolusire as an Independent Non‑Executive Director, the re‑appointment of PricewaterhouseCoopers (PwC) as external auditors, and the approval of Statutory Audit Committee appointments along with related governance measures presented at the meeting.

Voting results showed overwhelming support for all motions, with several receiving approval margins above 99 %.

After the AGM, Group Managing Director and CEO Nonso Okpala reiterated the Group’s focus on institutional growth, disciplined execution and long‑term shareholder value.

“First, we must appreciate our shareholders who made the recently concluded capital raise a success. Without their trust and support, we would not be where we are today, and we remain deeply grateful to them. The capital raised will support the continued execution of our strategy across our five major verticals: market infrastructure, capital market operations, real estate and hospitality, financial services, and retail technology,” Okpala said.

He added that the funds are being deployed to deepen market positions and to position the Group’s businesses as top‑five players in each sector.

“Our expansion strategy is not random or opportunistic. It is a deliberate effort to identify and pursue opportunities across Africa while replicating the successes we have achieved in Nigeria within key African markets,” Okpala continued.

“Year after year, despite the operating environment and the costs associated with growth, VFD Group has remained committed to rewarding its shareholders through consistent dividend declarations. This year, we declared a dividend of 25 kobo for every share of 50 kobo held by shareholders. That outcome is not driven by luck. It is the result of deliberate planning, disciplined execution, and a clear determination to succeed as an institution. The foundation of our growth story continues to be transparency, accountability, strong risk management practices, and strict adherence to corporate governance standards. Those principles remain central to how we operate and create sustainable value for shareholders,” Okpala added.

Chairman of the Board, Olatunde Busari (SAN), highlighted the importance of governance, resilience and sustainable corporate leadership as the Group expands its ecosystem across sectors and markets.

“Transparency, accountability and compliance are extremely important to us. As an investment company, we take governance very seriously because investor confidence is built on trust and discipline. Being a publicly listed company also means we are subject to stronger regulatory oversight than a private company, and we see that as a positive. It reinforces our commitment to doing business responsibly and sustainably. Given the scale of our activities and investments across sectors, risk management is also a critical priority for us. We continue to strengthen our governance and risk frameworks, and that disciplined approach has contributed significantly to the company’s consistent growth year after year,” Busari said.

Executive Director, Finance & Investor Relations Folajimi Adeleye also briefed shareholders on the Group’s financial position, capital structure and strategic priorities following the recently concluded Rights Issue exercise.