NIDF Reports 97.99% Growth in Profit

0 100

Debt Fund (NIDF) has witnessed a remarkable 97.99% growth in Profit After Tax, reaching N20.380bn at the end of 2023, compared to N10.293bn in 2022.

The information was disclosed in the Quarterly Investor Report for the quarter ending December 31, 2023, filed with the Nigerian Exchange Limited on Tuesday. NIDF, registered with and regulated by the Securities and Exchange Commission, Nigeria, made history as the first infrastructure debt fund in Nigeria, listed on both the NGX and the FMDQ Exchange, Lagos, following its listing in early October.

NIDF expressed its commitment to maintaining quarterly distributions to unitholders, aligning with the actual performance of the Fund and the provisions of the Constitutional Documents.

Source: PUNCH

Leave A Reply