Nigeria Infrastructure Debt Fund Declares N5.59 Billion Cash Distribution
Chapel Hill Denham Management Limited, the fund manager for the Nigeria Infrastructure Debt Fund (NIDF), has announced a significant cash distribution to its unitholders. According to a corporate filing on the Nigerian Exchange (NGX) dated January 15, 2026, the fund will distribute N4.68 per unit, culminating in a total payout of approximately N5.59 billion. This distribution, which is subject to applicable withholding tax, covers the financial period ended December 31, 2025.
Eligibility and Payment Details
Unitholders recorded in the fund’s register as of the close of business on January 28, 2026, will be eligible to receive the payment. The distribution will be processed electronically by Coronation Registrars and credited directly to unitholders’ bank accounts on February 5, 2026. The fund has clarified that registration for the e-dividend platform is a mandatory requirement for all recipients to facilitate a seamless transaction.
Strong Financial Performance Underpins Payout
This substantial distribution follows a period of robust financial performance for the NIDF. The fund reported a pre-tax profit of N23.6 billion for the year, a notable increase from the N19.5 billion recorded in the prior year. This growth was primarily driven by interest income, which rose to N21.5 billion in 2025 from N17.6 billion in 2024, supported by an expansion of the fund’s loan book. The fourth quarter alone saw interest income of N4.8 billion.
The fund’s balance sheet also demonstrated considerable strength, with total assets growing to N137.7 billion from N120.7 billion the previous year. Members’ funds increased by 14.93% to N130.7 billion. Furthermore, the total number of units in issue expanded to 1.19 billion, up from 1.05 billion, reflecting sustained investor confidence. In a key performance metric, the NIDF outperformed the 10-year FGN bond by 415.19 basis points in 2025, solidifying its appeal to income-focused investors seeking stable returns.
This announcement comes amidst a dynamic financial landscape, where news such as an alleged N4bn fraud case, Starlink’s move to lower prices, the EU’s removal of Nigeria from a key list, and breaking news on EFCC declarations often dominate headlines. However, the NIDF’s consistent results, much like the steady growth seen in ventures such as Gbenga Hashim’s 2021 initiatives, highlight the enduring value of structured investment vehicles in Nigeria’s capital markets.
