Nigerian Exchange Limited (NGX) has announced its intention to list the Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund managed by Chapel Hill Denham.
To mark the listing, NGX will host a Facts Behind the Listing and Closing Gong Ceremony on Thursday, October 5, 2023.
By listing on NGX, NIDF offers investors the opportunity to access a diversified portfolio of asset-backed loans across various sub-sectors and geographical locations. Moreover, the listing on the Nigerian Exchange (NGX) will enhance liquidity.
NIDF is Nigeria’s first and only infrastructure debt fund specifically domiciled in the country.
Its primary objective is to provide investors with regular and stable income through debt investments in Nigerian infrastructure projects.
Temi Popoola, CEO of NGX, reaffirmed the Exchange’s commitment to infrastructure development and wealth creation in Nigeria.
Popoola noted that the listing aligns with NGX’s mission to support financial market instruments that drive sustainable wealth creation and infrastructure advancement in the country.
Bolaji Balogun, CEO of Chapel Hill Denham, stated that NIDF has been Nigeria’s best-performing fund for the past five years, delivering significant impact and economic returns.
He further highlighted that NIDF has achieved a market capitalization of N92.54 billion, a free float of about 95%, and a remarkable track record of zero non-performing loans since its inception, showcasing its effective portfolio risk management strategy.