NIDF reports N17.36bn profit, approves N4.53 quarterly dividend
The Chapel Hill Denham Nigeria Infrastructure Debt Fund has announced its unaudited financial results for the nine-month period ended September 30, 2026, delivering a profit before tax of N17.36bn. The figure reflects a 2.9 per cent increase compared to the corresponding period of the previous year despite a general drop in market interest rates.
The report submitted to the Nigerian Exchange on Thursday was issued on behalf of Chapel Hill Denham Nigeria Infrastructure Debt Fund with corporate communications and investor relations details signed by Ifeoluwa Popoola.
In line with its income generation strategy, the Investment Committee of the fund approved a third-quarter distribution of N4.53 per unit to investors. This payment marks the 38th distribution since inception, comprising 37 quarterly disbursements and one special distribution, bringing the total cumulative distributions paid to unitholders to N110bn.
During the period under review, total income grew by 3.7 per cent to N19.13bn compared to 9M 2025. Although interest income from infrastructure loans experienced a 25.5 per cent decline due to lower yields on the benchmark 10-year Federal Government bond, interest income generated from bank deposits surged by 224.1 per cent period-on-period to N5.1bn. Furthermore, total assets grew slightly by 1.1 per cent year-to-date from N137.3bn to N139.2bn, while financial assets held at fair value reached N104.4bn.
The release comes as the fund executes its Series 12 capital raise aimed at securing N45bn to expand its financing pipeline across key sectors. The offer, priced at N113.54 per unit, represents a 23.13 per cent discount against its market closing price of N147.70 recorded on October 5. Since its initial listing in June 2017, the fund has generated a 472.22 per cent return on investment with a trailing 12-month dividend yield of 19.64 per cent.
Commenting on the market outlook, management stated, “We believe that long-term, naira-denominated, project finance debt is an essential ingredient to Nigeria’s development, and NIDF has seen greater demand for its services with every passing year. We continue to position ourselves as the leading Infrastructure Fund in Nigeria and Sub-Saharan Africa aimed at impacting lives through investing in sectors accretive to Nigeria’s economic development.”
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