NGX Set to List Nigeria’s N200bn Infrastructure Debt Fund

Nigerian Exchange Limited (NGX) says it’s planning to admit the Nigeria Infrastructure Debt Fund (NIDF), which is a N200 billion public infrastructure investment fund by Chapel Hill Denham.

The NGX, in commemoration of its listing, which will take place Thursday, October 5, 2023, will host a Facts Behind the Listing and Closing Going Ceremony.

NIDF said that through the listing of the NGX, investors stand to benefit from a diversified portfolio of asset-backed loans across multiple sub-sectors and geographical spreads, and listing on the Nigerian Exchange (NGX) will further improve liquidity.

NIDF is Nigeria’s first and only infrastructure debt fund dedicated to being domiciled. The goal of NIDF is to give investors regular and stable income by making primarily debt investments in infrastructure projects that are located here in Nigeria.

Temi Popoola, the CEO of NGX repeated the commitment of the Exchange to the growth of wealth creation and infrastructural development in Nigeria.

He said the listing aligns with the NGX blueprint in supporting financial market instruments that push 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, Businessday report.

The CEO of Chapel Hill Denham, Bolaji Balogun said that the NIDF has been Nigeria’s best-performing fund for the past five years and has also delivered significant impact and economic returns during this period.

He said that the NIDF 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, Businessday reported.