Nigeria Energy Sector Fund reports 30.89% revenue increase

The Nigeria Energy Sector Fund, under the management of SCM Capital Asset Management Limited, announced its audited financial results for the year ending 31 March 2025. The Fund reported a total revenue growth of 30.89 percent, increasing from N339.66 million in the previous financial year to N444.58 million.

This growth was primarily attributed to a rise in trading income, which reached N274.28 million compared to N213.45 million in 2024. Additionally, the Fund benefited from substantial contributions from interest income on call placements, treasury bills, and bonds, totaling N144.57 million.

Dividend income from equity investments also saw significant growth, rising to N25.73 million from N14.61 million, reflecting strong payouts from the Fund's portfolio companies. The financial performance was bolstered by favorable positioning in oil and gas equities and effective cost management strategies.