Question 1

What Is VITAFOAM Stock Price Today?

Accepted Answer

Vitafoam Nigeria Plc (VITAFOAM) is trading at ₦194 today on the Nigeria Stock Exchange (NGX).

Question 2

What Does Vitafoam Nigeria Plc Do?

Accepted Answer

Vitafoam Nigeria Plc, a prominent manufacturer of foam products, traces its origins to August 4, 1962, when it was incorporated as a joint venture between British Vita Plc and Central and West Africa (C.W.A) Holdings, a subsidiary of Unilever Plc. The company began its operations with the appointment of G.B. Ollivant (Nigeria) Limited as its sole distributor in Nigeria in November 1962. A significant milestone was reached in 1966 with the installation of a continuous polyether foaming plant at its first factory in Ikeja, Lagos, enabling the production of polyether foam products. Over the years, Vitafoam expanded its manufacturing footprint across Nigeria, establishing factories in Aba in 1972, Kano in 1974, and Jos in 1982, solidifying a nationwide presence. The company became a public entity in 1978, listed on the Nigerian Stock Exchange, in compliance with the Nigerian Promoter Decree No. 3 of 1977, which mandated companies to sell a portion of their shares to the Nigerian public.

Question 3

How Do I Buy VITAFOAM Stock in Nigeria?

Accepted Answer

VITAFOAM trades on the Nigerian Exchange (NGX). You can purchase shares through a licensed Nigerian stockbroker or a regulated platform that supports NGX-listed securities.

Question 4

What Sector Does VITAFOAM Belong To?

Accepted Answer

Vitafoam Nigeria Plc is listed under the CONSUMER GOODS sector, specifically in the Household Durables sub-sector.

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