Nigeria’s ‘Berkshire Hathaway’, VFD Group, Bounces Back With N2.6bn Profit

VFD Group Plc which describes itself as the ‘Berkshire Hathaway of Nigeria’ has bounced back to profitability after posting over N2.6bn in the first quarter of 2024 despite Nigeria’s economic headwinds.

The investment group admitted to the Nigerian Exchange Limited in October last year through the listing by introduction also saw its gross earnings grow more than double to N15.3bn from N6.6bn posted in the first quarter of 2023.