NIDF Reports N10.63bn Profit for H1 2026

The Nigerian Infrastructure Debt Fund (NIDF) released its financial results for the first half of 2026, reporting a profit after tax of N10.63 billion. The fund, managed by Chapel Hill Denham Management Limited, achieved a total income of N11.80 billion, primarily driven by robust interest generated from its diverse infrastructure loan portfolio.

The portfolio has a weighted average annualized yield of 18.23%, with a weighted average tenor of 10.33 years and a weighted average remaining life of 7.74 years. Despite challenges in the macroeconomic environment, including a decline of 336 basis points in the 10-year FGN bond benchmark compared to the previous year, the NIDF maintained its track record of outperforming its benchmark.

As of June 30, 2026, the fund's net assets stood at N130.56 billion, with a stable net asset value per unit of N109.08. The fund's total market value at the exchange was N161.59 billion, with 1,196,957,476 units issued trading at N135 per unit.

The NIDF announced a Q2 2026 distribution of N4.40 per unit, to be paid to eligible unitholders on July 27, 2026.