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VFD Group Injects N5bn Into V Bank To Drive Digital Banking Growth

Summary by The Whistler Nigeria

VFD Group Plc has committed N5bn to its subsidiary, VFD Microfinance Bank’s (V Bank) Expansion and Financial Inclusion, a move aimed at accelerating the bank’s growth and strengthening its position as a leading player in Nigeria’s digital banking space. In a written resolution sent to the Nigerian Exchange Limited and obtained by THE WHISTLER, the Board of Directors of VFD Group approved the strategic investment in VFD Microfinance Bank (V Bank)…

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techeconomy.ng

VFD Group Injects N5Bn into V Bank to Enhance Digital Infrastructure - Tech

VFD Group has announced a capital injection of N5 billion into VFD Microfinance Bank (V Bank) to strengthen its digital infrastructure and expand its financial services. The approval was disclosed in a statement signed by Gbeminiyi Shoda, the Nigerian Exchange Secretary, on February 19, 2025. According to the statement, the decision was sanctioned by the board of VFD Group in compliance with Section 289 (8) of the Companies and Allied Matters A…

2 days ago

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Investors King

VFD Group Backs V Bank With N5bn Investment For Growth And Innovation

VFD Group has approved a N5 billion capital injection into VFD Microfinance Bank (V Bank) as part of its strategy to strengthen the bank’s digital banking operations and drive financial inclusion. The investment, dated February 18, 2025, was disclosed in a regulatory filing published on the Nigerian Exchange (NGX) on February 19, 2025 and signed […] The post VFD Group Backs V Bank with N5bn Investment for Growth and Innovation appeared first on …

2 days ago

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Nairametrics

VFD Group approves N5 Billion capital injection for V Bank, indicates intention

VFD Group announced that its board has approved a capital injection of N5 billion into VFD Microfinance Bank (V Bank), dated February 18, 2025. The post VFD Group approves N5 Billion capital injection for V Bank, indicates intention appeared first on Nairametrics.

2 days ago

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InsideBusiness - Business News in Nigeria

VFD Group Injects ₦5bn in VFD Microfinance Bank - InsideBusiness - Business News in Nigeria

VFD Group Plc has announced a substantial ₦5 billion capital injection into VFD Microfinance Bank (V Bank) to bolster the technological infrastructure, expand its financial services, and enhance accessibility for millions of Nigerians. Speaking on the strategic decision, Nonso Okpala, Group Managing Director of VFD Group, emphasised the company’s vision of fostering financial inclusion and strengthening V Bank’s role in Nigeria’s ecosystem. “Ou…

3 days ago

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