✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Nigeria Infrastructure Fund records 18.02% increase in return

The Nigeria Infrastructure Debt Fund (NIDF) on Thursday announced a quarterly distribution—for the second quarter ended June 30, 2024—of N4.27 per unit with a qualification date of July 18, 2024.

This distribution will be paid to eligible unitholders on July 25, 2024 and is fully funded from the cash inflows generated by the Fund during the quarter, the fund disclosed in a statement to the Nigerian Exchange (NGX) on Thursday.

Daily Trust reports that NIDF is the first listed infrastructure debt fund in Nigeria registered with and regulated by the Securities and Exchange Commission (SEC) and listed on the NGX and the FMDQ Exchange, Lagos.

SPONSOR AD

It is a closed ended investment trust which operates in the form of a company.

According to the report, the fund recorded a distribution yield of 18.02% as of June 30, 2024.

As at the period ending June 30, 2024, NIDF had a diversified portfolio of 25 investments. The infrastructure loan portfolio had a weighted average annualised yield of 20.6%, weighted average tenor at disbursement of 9.2 years, and weighted average remaining life of 4.8 years.

The fund has also witnessed a cumulative performance over the year with the Total Return rising to 309.6 as against 289.5 in 2023.

 

Sponsored

Discover the latest trends on Temu! Shop mobile phones, fashion, beauty, home essentials & more. Start exploring now!


Click here to learn how it works.

Sponsored

Unlock AI's potential! Get top prompts for content, blogs, social media, research, draft proposals and more. Boost creativity start using AI tools today!


Click here to learn how it works.

Sponsored

Start Affiliate Marketing Today! Learn step-by-step how to set up a blog, find programs, create links, and earn money—beginner-friendly guide inside!


Click here to learn how it works.

Sponsored

Join our FREE WEBINAR! Discover the 3-step formula to turn WhatsApp into a cash-generating machine. Sign up now and start earning!"


Click here to learn how it works.

Sponsored

Master Facebook Ads! Learn to set up Business Manager, run campaigns, optimize budgets, and drive sales. Start your journey to ad success today!"


Click here to learn how it works.

Sponsored

Unlock your confidence and attract the love you deserve! Learn how to become irresistible to women—start your transformation today!"


Click here to learn how it works.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.