Lagos, Oct. 4, 2023 – Chapel Hill Denham is to list a N200 billion public infrastructure investment fund on the Nigerian Exchange (NGX).
The Exchange, in commemorating the listing, will host a Facts Behind the Listing and Closing Gong Ceremony on Thursday, October 5, 2023.
NIDF is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria.
It aims to provide investors regular and stable income by making primarily debt investments in infrastructure projects located in Nigeria.
Temi Popoola, the Chief Executive of NGX, emphasized the commitment of the Exchange to infrastructural development and wealth creation in the country.
He said the listing aligned with NGX’s mission to support financial market instruments that drive sustainable wealth creation and infrastructural advancement in Nigeria.
According to Popoola, NGX will further enhance the visibility of NIDF by giving investors access to more investment options.
Bolaji Balogun, the Chief Executive of Chapel Hill Denham, said that NIDF had been Nigeria’s best performing fund over the last five years and had delivered significant impact and economic returns.
He said NIDF had achieved a market capitalization of N92.54 Billion, a freefloat of c.95%, and a remarkable record of zero non-performing loans from inception till date, a testament to an effective portfolio risk management strategy.
Through its listing on NGX, 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. (GBN)
