SEC approves VFD Group's rights issue

The Securities and Exchange Commission has approved VFD Group's rights issue.

VFD Group, a Nigerian financial services firm, has received approval from the Securities and Exchange Commission for its rights issue. This development allows the company to offer additional shares to existing shareholders. The approval was reported on March 13, 2026, marking a key step in the company's capital-raising efforts. No further details on the size or terms of the rights issue were provided in the available information.

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Celebratory scene at Nigerian Stock Exchange as market cap reaches N100 trillion milestone.
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Nigerian stock market capitalization hits N100trn on reforms

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The Nigerian stock market has reached a capitalization of N100 trillion, driven by reforms and collaboration. This milestone highlights strong performance in 2025 for the nation's financial markets.

Shareholders of VFD express optimism about stronger upsides following new capital.

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The FMDQ Exchange has admitted UAC's N54.03 billion seven-year fixed rate bond onto its platform.

The Ethiopian Capital Markets Authority has relaxed enforcement on companies missing the share registration deadline. This accommodation addresses compliance struggles amid challenges like high fees and limited providers. Progress includes collaborations among microfinance institutions and upcoming mobile trading platforms.

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Fourteen months after US regulators charged Gautam Adani and his nephew Sagar with fraud, their lawyers filed a response in a New York court, seeking talks on summons service amid India's refusals.

The Ethiopian Capital Market Authority has granted licenses to 16 capital market service providers so far. Executive Director Hana Teklequ told Fana Digital that the authority is focusing on registering small and medium enterprises this year.

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Grupo Nutresa's Board of Directors approved a general regulation for the reacquisition of up to 10 million shares at 300,000 pesos per share. This step follows a project endorsed by the Shareholders' Assembly on December 19. The offers will take place over 2026, 2027, and 2028.

 

 

 

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