Nigerian Exchange Limited (NGX) says it plans to admit the Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund by Chapel Hill Denham.
The Exchange, in commemoration of the listing, will host a Facts Behind the Listing and Closing Gong Ceremony on Thursday, October 5, 2023.
Through its listing on NGX, NIDF unveiled the chance for investors to benefit from a diversified portfolio of asset-backed loans across multiple sub-sectors and geographical spread, and listing on the Nigerian Exchange (NGX) will further improve liquidity.
NIDF is Nigeria’s first and only infrastructure debt fund dedicated to be domiciled.
It aims to provide investors with regular and stable income by making primarily debt investments in infrastructure projects located in Nigeria.
Chief executive officer of NGX, Temi Popoola, reiterated the commitment of the Exchange to infrastructural development and wealth creation in the country.
He noted that the listing aligns with NGX’s mission to support financial market instruments that drive sustainable wealth creation and infrastructural advancement in Nigeria.
Bolaji Balogun, Chief Executive Officer Chapel Hill Denham, said that NIDF had been Nigeria’s best-performing fund over the last five years and has delivered significant impact and economic returns.
He further stated that NIDF had achieved a market capitalization of N92.54 billion, a free float of circa 95 per cent, and a remarkable record of zero non-performing loans from inception till date, a testament to an effective portfolio risk management strategy.
NGX to list N200bn Nigeria Infrastructure Debt Fund
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