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VFD Group is seeking to raise up to N20 billion through a new Commercial Paper issuance to strengthen its short-term funding position following a significant profit increase in H1 2026.
PRIVATEAug 29, 2026•about 3 hours ago
Amount Raised
₦20 Billion
Round Type
Venture - Series Unknown
LagosFinancial ServicesFinanceLending
Description
VFD Group Plc has opened a Commercial Paper offer seeking to raise up to N20 billion as it looks to enhance its short-term funding amidst strong earnings. The offer is part of an existing N50 billion Commercial Paper Programme and is available until September 4, 2026. The funds raised will support the company's working capital requirements. This move reflects VFD Group's improved financial performance, with profits more than doubling in the first half of the year.
Company Information
Company
VFD Group Plc
Location
Lagos, Lagos State, Nigeria
About
VFD Group Plc is a leading financial services group in Nigeria, offering innovative products and services across various segments of the financial services industry.
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LagosFinancial ServicesFinanceLending