Nigerian Exchange Limited (NGX) says it’s planning to admit the Nigeria Infrastructure Debt Fund (NIDF), which is a N200 billion public infrastructure investment fund by Chapel Hill Denham.
The NGX, in commemoration of its listing, which will take place Thursday, October 5, 2023, will host a Facts Behind the Listing and Closing Going Ceremony.
NIDF said that through the listing of the NGX, investors stand to benefit from a diversified portfolio of asset-backed loans across multiple sub-sectors and geographical spreads, and listing on the Nigerian Exchange (NGX) will further improve liquidity.
NIDF is Nigeria’s first and only infrastructure debt fund dedicated to being domiciled. The goal of NIDF is to give investors regular and stable income by making primarily debt investments in infrastructure projects that are located here in Nigeria.
Temi Popoola, the CEO of NGX repeated the commitment of the Exchange to the growth of wealth creation and infrastructural development in Nigeria.
Read more: https://www.investingport.com/ngx-set-to-list-nigerias-n200bn-infrastructure-debt-fund/