Nigeria Infrastructure Debt Fund Posts ₦16.87bn Profit, Up 23% in Nine Months

The Nigeria Infrastructure Debt Fund (NIDF) has announced a profit after tax of ₦16.87bn for the nine months ending September 30, 2025 — a 23 per cent rise from the ₦13.69bn recorded in the same period of 2024. The performance reflects the fund’s continued strength and resilience in Nigeria’s fixed-income market, driven by growth in interest income and a diversified investment strategy.

According to the fund’s quarterly investor report released on the Nigerian Exchange Limited on Tuesday, total income climbed to ₦18.45bn during the review period, up from ₦15.14bn a year earlier. The surge was primarily attributed to higher interest income from infrastructure loans, which increased to ₦16.68bn from ₦12.64bn in the previous year.

Managed by Chapel Hill Denham, NIDF maintained a diversified portfolio of 29 investments as of September 30, 2025, with a weighted average annualised yield of 22.59 per cent. The report noted that the fund continued to outperform its benchmark — the 10-year Federal Government bond — with most loans priced 300 to 500 basis points above the benchmark on a floating rate basis. During the third quarter, NIDF also completed fundraising for its Series 11 issue, securing ₦15.2bn in net proceeds, which received allotment approval from the Securities and Exchange Commission on October 3, 2025.

Consistent with its payout policy, NIDF declared a quarterly distribution of ₦4.25 per unit for the third quarter ended September 30, 2025. The qualification date is set for October 27, while payments to eligible unitholders will commence on November 4, 2025. As of September’s end, the fund’s net asset value stood at ₦129.61bn, with a unit value of ₦108.36 and a market capitalisation of ₦135.16bn. The fund’s units last traded at ₦113 on both the Nigerian Exchange and FMDQ Exchange. Chief Executive Officer Saurabh Srivastava reaffirmed NIDF’s commitment to maintaining regular distributions in line with its performance and governing framework.