AVA Capital Expands Investors’ Investment Opportunities With NGX Listing

By Dipo Olowookere

The range of investment opportunities available to investors in the nation’s capital market has been deepened with the listing of five billion ordinary shares of AVA Capital Plc on the Nigerian Exchange (NGX) Limited.

The local investment firm joined the country’s flagship stock exchange on Friday through listing by introduction of its equities at N7.50 per share, with a market capitalisation of N37.5 billion.

The listing marks a significant milestone in the company’s growth journey, reinforcing its commitment to sustainable growth, strong corporate governance and long-term value creation, while enhancing its visibility within Nigeria’s capital market.

The chief executive of AVA Capital, Mr Kayode Fadahunsi, described the admission of the organisation on the main board of the exchange as a defining moment in its evolution.

“Our admission to the main board of Nigerian Exchange is more than a listing; it is a public affirmation of the business we have built and the future we are committed to creating.

“We have established a resilient institution with a clear growth strategy, strong governance culture and an unwavering focus on creating sustainable value for our shareholders.

“Becoming a listed company deepens our accountability, broadens our visibility and positions us to seize new opportunities as we continue our growth journey,” he said.

On his part, the chief exchange of NGX Limited, Mr Jude Chiemeka, said the admission reflects the continued confidence of businesses in Nigeria’s capital market as a platform for sustainable growth.

“[The] listing reflects the confidence that forward-looking companies continue to place in the Nigerian capital market.

“By joining the main board of Nigerian Exchange, AVA Capital Plc is embracing the transparency, governance standards and market discipline that define public companies, while positioning itself to access a broader investor base and unlock long-term value.

“We are delighted to welcome AVA Capital Plc to the NGX family and look forward to supporting its continued growth,” he stated.