In a significant development, Nigerian Exchange Limited (NGX) is set to admit the Nigeria Infrastructure Debt Fund (NIDF), a N200bn public infrastructure investment fund by Chapel Hill Denham, onto its platform, with the objective of offering investors regular and stable income for making primarily debt investments in infrastructure projects located in Nigeria.
To commemorate the listing of NIDF, the first and only infrastructure debt fund dedicated to and domiciled in Nigeria, the Exchange said in a statement that it will host a Facts Behind the Listing and Closing Gong Ceremony on Thursday, October 5, 2023.
Chief Executive Officer, NGX, Temi Popoola emphasized the commitment of the Exchange to infrastructural development and wealth creation in the country, noting that it aligns with the NGX’s mission to support financial market instruments that drive sustainable wealth creation and infrastructural advancement in Nigeria.
According to Popoola, the NGX will further enhance the visibility of NIDF, giving investors access to more investment options.
Also commenting, Chief Executive Officer, Chapel Hill Denham, Bolaji Balogun, said the fund remains Nigeria’s best performing over the last five years, having made significant impact, while also delivering economic returns.
The NIDF, he continued, has achieved a market capitalization of N92.54bn, free-float of about 95%, and a remarkable record of zero non-performing loans since inception, a testament to an effective portfolio risk management strategy.
Through its listing on NGX, the statement added, the NIDF opens up 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.