N200 Billion Nigeria Infrastructure Debt Fund Will Be Listed On NGX

The Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund managed by Chapel Hill Denham, will be admitted, according to Nigerian Exchange Limited (NGX).

The Exchange will present a Facts Behind the Listing and Closing Gong Ceremony in honor of the listing on Thursday, October 5, 2023.

The Nigerian Exchange (NGX) listing would increase liquidity. Through its listing on NGX, NIDF disclosed the opportunity for investors to profit from a diverse portfolio of asset-backed loans across numerous sub-sectors and geographical spread.

The first and only infrastructure debt fund with a defined domicile is Nigeria's NIDF.

It makes principally loan investments in Nigerian infrastructure projects with the goal of giving investors a consistent and reliable income.

Temi Popoola, the chief executive officer of NGX, reaffirmed the Exchange's dedication to the growth of the nation's infrastructure and the production of wealth.

He pointed out that the listing is in line with the goals of NGX, which is to encourage financial market instruments that promote sustainable wealth creation and the development of Nigeria's infrastructure.

According to Bolaji Balogun, Chief Executive Officer of Chapel Hill Denham, NIDF has had a substantial impact and generated economic returns over the last five years, making it Nigeria's best-performing fund.

He added that NIDF's market capitalization of N92.54 billion, about 95% free float, and amazing history of zero non-performing loans from inception to the present were proof positive of its portfolio risk management strategy.