Between late April and mid-May 2026, a series of insider dealing disclosures filed with the Nigerian Exchange (NGX) revealed that directors, employees, and related parties of VFD Group Plc collectively acquired millions of ordinary shares in the investment company. The trading activities occurred in the weeks leading up to its 10th Annual General Meeting (AGM), scheduled for Monday, May 25, 2026. All purchases were made ahead of the dividend qualification date of May 4, 2026, and the AGM itself, when dividends are expected to be paid.
The statutory disclosures indicate a pattern of coordinated share accumulation across multiple tiers of the company, from junior officers to senior management staff and subsidiary employees. This widespread buying activity suggests confidence in the company’s outlook. The largest single block of shares was acquired on May 13, 2026, when employees of VFD Group Plc purchased an aggregate of 3,150,000 ordinary shares at an aggregate price of N10.43 per share. All transactions followed due process under the NGX insider trade guidelines and were disclosed accordingly.
The 10th AGM, convened by notice dated April 28, 2026, and signed by Group Company Secretary Gbeminiyi Shoda, will transact both ordinary and special business. Shareholders are reminded to complete E-Dividend Mandate Forms to ensure all outstanding dividends are paid electronically, in line with a directive from the Securities and Exchange Commission (SEC).
VFD Group Plc reported a pretax profit of N14.1 billion for FY 2025 on gross earnings of N88.35 billion, representing a 13.2% year-on-year increase and a 41.52% jump from a pretax profit of N10.01 billion in 2024. The company is an investment firm listed on the Nigerian Exchange (NGX), with interests spanning financial services, real estate, energy, technology, hospitality, telecommunications, and other sectors.
In related developments, Livingtrust Mortgage Posts N1.01 Billion Profit, reflecting resilience in the mortgage sector. Meanwhile, Efcc Probes Suspected financial irregularities, though no direct link to VFD Group has been established. The company has not announced any Vfd Group Refund initiative, and market participants await further clarity. On the broader economic front, Tinubu Urges Nigerians to remain patient as reforms take effect, while Photos: Ministers, Senators from recent legislative sessions highlight ongoing policy discussions.
Kelechukwu Mgboji, a Bloomberg-certified (BMIA) financial journalist with extensive experience covering Nigeria’s financial markets, provided the original analysis. He offers expert insights on market trends and corporate performances in Nigeria’s evolving economy. A graduate of Literature, he is known for analytical depth and clarity in translating complex economic and financial data into actionable insights for investors, policymakers, and business leaders across Africa.
