Market News

by Olushola Bello

Chapel Hill Denham Management Limited has listed its Series 11 Nigeria Infrastructure Debt Fund of N15.341 billion on the Nigerian Exchange Limited (NGX).

The Fund comprises 140.100 million units of N100.00 each at N109.50 each under the N200 billion issuance programme.

The NGX in its weekly report said, “trading licence holders are hereby notified that  additional 140.100 million units of N100 each at N109.50 each of Chapel Hill Denham Management Limited’s Nigerian Infrastructure Debt Fund under the N200 billion issuance programme were on December 10, 2025 listed on the daily official list of the NGX.

“With this listing of the additional 140.100 million units, the total outstanding units of Chapel Hill Denham Management Limited’s Nigerian Infrastructure Debt Fund listed on NGX have now increased from 1.056 billion to 1.196 billion units of N100 each.”

The Nigeria Infrastructure Debt Fund is Nigeria’s largest and Africa’s first-ever listed infrastructure investment trust, providing long-term, Naira-denominated financing for infrastructure projects in Nigeria. It is a closed-ended investment trust that operates as a company, registered and regulated by the Nigerian Securities and Exchange Commission, and is listed on the FMDQ and the Nigerian Exchange (NGX).

NIDF provides investors with regular, sustained, and long-term distributions while preserving capital over the long term by generating exposure to Naira-denominated infrastructure debt in Nigeria, which yields regular and predictable long-term cash flows. It offers the most attractive yield on the NGX and has continuously paid quarterly distributions.