NIDF: NGX Lists Additional 303,059 Units, Holdings Hit 1.197 Billion

The Nigerian Exchange Limited (NGX) has admitted an additional 303,059 units of the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) to its Daily Official List, increasing the fund’s total outstanding units to approximately 1.197 billion.

The listing followed the implementation of the fund’s first-quarter 2026 scrip dividend programme, according to a market bulletin issued by the Exchange.

With the admission of the new units, the total number of issued units in the infrastructure-focused fund increased from 1,196,654,417 units to 1,196,957,476 units, further strengthening the fund’s presence on the Nigerian capital market.

NGX notified Trading Licence Holders of the development, stating that the additional units arose from the distribution of scrip dividends to eligible investors who elected to receive additional units in lieu of cash dividend payments.

The NIDF, managed by Chapel Hill Denham Management Limited, is Nigeria’s first and largest listed infrastructure debt fund. The fund was established to mobilise long-term capital for financing critical infrastructure projects across sectors including power, transportation, energy, and industrial development, while providing investors with stable income and capital preservation opportunities.

Market analysts note that scrip dividend issuances are increasingly being utilised by collective investment schemes and listed entities as a means of rewarding investors while preserving cash resources for future investment and portfolio expansion.

The latest listing is expected to enhance liquidity in the fund’s units on the Exchange and reflects continued investor participation in infrastructure-linked investment vehicles amid growing interest in alternative asset classes.

As one of the flagship infrastructure investment products in Nigeria’s capital market, the NIDF has continued to attract institutional and retail investors seeking exposure to long-term infrastructure assets backed by predictable cash flows and relatively stable returns.

The increase in the fund’s outstanding units also underscores the growing role of the capital market in mobilising domestic savings for infrastructure development, a key priority in Nigeria’s efforts to bridge its significant infrastructure financing gap.

The Nigerian Exchange said the newly listed units are now available for trading, enabling investors to buy and sell the additional units through the secondary market alongside existing holdings.