MOFI Lists ₦100 Billion Real Estate Investment Fund on NGX
The Nigerian Exchange (NGX) has announced the official listing of the Ministry of Finance Incorporated’s (MOFI) Real Estate Investment Fund – Series 2, marking another major step in Nigeria’s efforts to deepen long-term investment opportunities in the capital market.
The listing took place on Tuesday, 11 November 2025, providing investors with access to one of the largest government-backed real estate investment vehicles ever introduced in Nigeria.
⭐ 1. What Exactly Was Listed?
MOFI has listed 1 billion units of its Series 2 Real Estate Investment Fund.
Each unit is priced at ₦100, bringing the total size of this Series 2 issuance to ₦100 billion.
This listing falls under MOFI’s long-term fundraising plan — a massive ₦1 trillion issuance programme that aims to channel investment into real estate, infrastructure, and strategic national assets.
⭐ 2. What Is This Fund?
The MOFI Real Estate Investment Fund (MOFIREIF) is a closed-end fund, meaning:
• Units are listed and traded on the NGX,
• But the fund does not continuously issue or redeem units.
It is structured for long-term institutional and retail investors seeking stable, asset-backed returns.
The fund has been listed on the Main Board of the NGX.
⭐ 3. Symbol and Identification
Investors will find the security on the Nigerian Exchange using:
• Symbol Name: MOFI Real Estate Investment Fund
• Trading Symbol: MOFIREIF
• ISIN Code: NGMOFIREIF00
This makes it easy for brokers and investors to identify it during trading.
⭐ 4. Fund Size and Tenor
The Series 2 Fund is valued at ₦100 billion, but it sits within a bigger programme of ₦1 trillion planned for long-term capital raising.
It also has a very unusual feature — a tenor of 99 years.
This signals the federal government’s intent to use the fund for multi-decade real estate and infrastructure development, allowing it to grow, recycle, and reinvest capital over nearly a century.
⭐ 5. Key Organisations Behind the Fund
Several major capital market institutions are involved in structuring, issuing, and supervising the fund:
Fund Manager
ARM Investment Managers Limited – one of Nigeria’s most experienced asset managers.
Lead Issuing House
Vetiva Advisory Services Limited – a top-tier investment banking and advisory firm.
Joint Issuing Houses
ICMG Securities Limited
Constant Capital Markets and Securities
IRON Global Markets Limited
Parthian Partners Limited
These institutions coordinated the issuance and ensured regulatory compliance.
Trustee to the Fund
(Information cut from the source, but a trustee is appointed to safeguard investor interests and oversee governance.)
⭐ 6. Why This Listing Matters
This development is significant for several reasons:
• It helps deepen Nigeria’s real estate investment market with a government-backed long-term fund.
• It provides investors with a new instrument for stable, asset-backed returns.
• It supports MOFI’s broader goal of unlocking value from federal government assets.
• It strengthens confidence in Nigeria’s capital market by introducing more institutional-grade investment products.
• It enhances liquidity and transparency by allowing trading on the NGX.
⭐ 7. The Bigger Picture
MOFI continues to reposition itself as Nigeria’s strategic asset manager.
With this listing, the government aims to:
• Monetize dormant real estate assets
• Improve professional asset management
• Increase private-sector participation in national development
• Raise long-term funds without excessive borrowing
Investors — both retail and institutional — now have access to this long-term real estate investment opportunity directly through the stock market.
The Nigerian Exchange (NGX) has announced the official listing of the Ministry of Finance Incorporated’s (MOFI) Real Estate Investment Fund – Series 2, marking another major step in Nigeria’s efforts to deepen long-term investment opportunities in the capital market.
The listing took place on Tuesday, 11 November 2025, providing investors with access to one of the largest government-backed real estate investment vehicles ever introduced in Nigeria.
⭐ 1. What Exactly Was Listed?
MOFI has listed 1 billion units of its Series 2 Real Estate Investment Fund.
Each unit is priced at ₦100, bringing the total size of this Series 2 issuance to ₦100 billion.
This listing falls under MOFI’s long-term fundraising plan — a massive ₦1 trillion issuance programme that aims to channel investment into real estate, infrastructure, and strategic national assets.
⭐ 2. What Is This Fund?
The MOFI Real Estate Investment Fund (MOFIREIF) is a closed-end fund, meaning:
• Units are listed and traded on the NGX,
• But the fund does not continuously issue or redeem units.
It is structured for long-term institutional and retail investors seeking stable, asset-backed returns.
The fund has been listed on the Main Board of the NGX.
⭐ 3. Symbol and Identification
Investors will find the security on the Nigerian Exchange using:
• Symbol Name: MOFI Real Estate Investment Fund
• Trading Symbol: MOFIREIF
• ISIN Code: NGMOFIREIF00
This makes it easy for brokers and investors to identify it during trading.
⭐ 4. Fund Size and Tenor
The Series 2 Fund is valued at ₦100 billion, but it sits within a bigger programme of ₦1 trillion planned for long-term capital raising.
It also has a very unusual feature — a tenor of 99 years.
This signals the federal government’s intent to use the fund for multi-decade real estate and infrastructure development, allowing it to grow, recycle, and reinvest capital over nearly a century.
⭐ 5. Key Organisations Behind the Fund
Several major capital market institutions are involved in structuring, issuing, and supervising the fund:
Fund Manager
ARM Investment Managers Limited – one of Nigeria’s most experienced asset managers.
Lead Issuing House
Vetiva Advisory Services Limited – a top-tier investment banking and advisory firm.
Joint Issuing Houses
ICMG Securities Limited
Constant Capital Markets and Securities
IRON Global Markets Limited
Parthian Partners Limited
These institutions coordinated the issuance and ensured regulatory compliance.
Trustee to the Fund
(Information cut from the source, but a trustee is appointed to safeguard investor interests and oversee governance.)
⭐ 6. Why This Listing Matters
This development is significant for several reasons:
• It helps deepen Nigeria’s real estate investment market with a government-backed long-term fund.
• It provides investors with a new instrument for stable, asset-backed returns.
• It supports MOFI’s broader goal of unlocking value from federal government assets.
• It strengthens confidence in Nigeria’s capital market by introducing more institutional-grade investment products.
• It enhances liquidity and transparency by allowing trading on the NGX.
⭐ 7. The Bigger Picture
MOFI continues to reposition itself as Nigeria’s strategic asset manager.
With this listing, the government aims to:
• Monetize dormant real estate assets
• Improve professional asset management
• Increase private-sector participation in national development
• Raise long-term funds without excessive borrowing
Investors — both retail and institutional — now have access to this long-term real estate investment opportunity directly through the stock market.