The Nigerian Exchange Ltd. has listed N4.075 billion of AVA Infrastructure Series One Fund on its trading platform.
“AVA Capital Partners Ltd. is the Issuing House for the Fund, the Trustee to the Fund is STL Trustees Ltd., the Custodian of the Fund is United Bank of Africa Plc and the Registrar for the Fund is Cordros Registrars Ltd. Shaire emphasised the importance of private sector involvement in infrastructure financing, stressing the necessity for collaborative efforts, innovative financial products, and other strategic initiatives from private sector entities.
It is also designed to encourage innovative businesses in sectors such as power, telecommunications, agribusiness supporting infrastructure, gas distribution, processing, and storage. The Economic and Financial Crimes Commission has mandated embassies in Nigeria to start charging in naira, stopping them from transacting in foreign currencies.
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