AVA Capital Expands Governance After NGX Listing

Kayode Fadahunsi, the Managing Director and Chief Executive Officer of AVA Capital Plc, stated that the company's recent listing on the Nigerian Exchange Limited (NGX) has significantly broadened its governance and disclosure responsibilities. On July 31, 2026, AVA Capital was admitted to the Main Board of NGX through a listing by introduction of its five billion ordinary shares at N7.50 per share, resulting in a market capitalisation of N37.5 billion.

Fadahunsi emphasized the importance of accountability to a wider community of shareholders and stakeholders, asserting that preserving investor trust is a top priority. He acknowledged challenges such as inflation and exchange rate volatility but stressed that maintaining investor confidence is crucial for the firm's operations.

He clarified that the listing was a governance decision rather than a capital-raising exercise, as the company did not issue new shares or seek additional capital. Future capital raising would only occur if necessary for expansion or regulatory changes.