Falade: After NGX listing, plan is to diversify, remove single location risk

The Managing Director and CEO of Aradel Holdings, Adegbite Falade says following the listing on the Nigerian Exchange, the plan is to diversify the company’s assets and remove single location risk. In a chat with CNBC Africa, he notes the company does not plan to immediately issue fresh shares by way of IPO freshers, freshers by way of an IPO stressing the move will be made when the conditions are right and the need justifies it.