Please feel free to contact Aramide Oyeneyin (08022427744) for any clarification on the above. Investors Reap N4.67bn from Nigeria Infrastructure Debt Fund Investors in the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two years. Mr. Balogun said NIDF would continue to direct institutional investments into productive infrastructure asset, which have a positive development impact, through the multiplier effect on investments, economic growth and well-being of the population. Call Willie +2347088095401... Bassey Udo is PREMIUM TIMES' Business & Economy Editor. The Chapel Hill Denham Nigeria Infrastructure Debt Fund is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. FMDQ Lists Nigeria Infrastructure Debt Fund, Others Having successfully obtained the Securities and Exchange Commission’s approval, Chapel Hill Denham Management Limited has registered and established the Nigeria Infrastructure Debt Fund 200bn issuance programme. Managing Director, Skystone Capital & Investment Limited, Mr Ola Olabinjo, said debt capital financing is the major solution to Nigeria’s infrastructure deficit. Our funds are focused on areas accretive to Africa’s and Nigeria’s economic development targeting sectors such as Infrastructure, Energy and Renewables, Real Estate, SMEs, Financial Inclusion, Healthcare and Education. var adx_adsvr_adspace_id="3985"; It is the first and only domestic currency-listed infrastructure debt fund across Africa and is focused on mobilising domestic savings, particularly pension funds, life insurance companies, large corporate as well as family office groups – for investing in economically critical and financially viable infrastructure asset. In view of the COVID-19 pandemic, the meeting shall be held virtually. This was the first tranche of N5bl out of the total fund of N200bl planned by the Nigerian Infrastructure Debt Fund for the market. The Fund’s Units are listed on the FMDQ OTC Securities Exchange, Nigeria. Tweet. Kindly be informed that the Extra-Ordinary General Meeting of Chapel Hill Denham Nigeria Infrastructure Debt Fund (the Fund) is scheduled to hold virtually: Date: Wednesday September 16, 2020Time: 10:00 a.m. Kindly find below the updated Notice of Meeting, the schedule of material amendments to the Programme Trust Deed, and the Proxy Form. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. Save my name, email, and website in this browser for the next time I comment. Managed by Chapel Hill Denham Management Limited, the Fund is a close-ended fund domiciled in Nigeria. Your email address will not be published. The Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) has marked its second anniversary, delivering over 55 per cent of returns to unitholders during the period. Details on the Fund obtained by PREMIUM TIMES on Wednesday showed it is used in supporting traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics and other public-private-partnership, PPP, type of investments, with Naira long-dated senior debt. Act 2011, to manage funds in excess of budgeted hydrocarbon revenues. Unitholders may appoint a proxy of their choice or appoint from the list of the proposed proxies torepresent them at the Meeting:Mr. Charles Omoera (Representative of the Joint Trustees of the Fund)Mrs. Funmi Ekundayo (Representative of the Joint Trustees of the Fund)Mr. Mobolaji Balogun (Managing Director of the Fund Manager). Twitter: @ba_udo, if (screen && screen.width > 1024){var script=document.createElement('script'); script.src='//served-by.pixfuture.com/www/delivery/headerbid.js'; script.setAttribute("slotId","20018x300x600x3423x_ADSLOT9"); script.setAttribute("refreshInterval",30); script.setAttribute("refreshTime",5); document.getElementById("20018x300x600x3423x_ADSLOT9").appendChild(script);}. var adx_size="300x250"; Starsight Closes $9.2 Million Senior Debt Facility from Nigeria Infrastructure Debt Fund December 14, 2020. By listing the NIDF on the Financial Markets Dealers Quotations, FMDQ, Exchange in July 2017, we have created liquidity in an asset class that is inherently illiquid, strengthened the domestic capital markets and enabled a wider range of investors to invest in infrastructure,” he said. Nigeria’s aggregate electricity need has been estimated at c.180,000 Mega Watts (MW) to satisfy its domestic electricity demand. Anshul has spent over twenty years investing in and financing infrastructure across the Global Growth Markets, particularly in Africa and the Middle East. READ: NSIA to invest $5 million in Chapel Hill Infrastructure Fund. The Fund’s Units are listed on the FMDQ OTC Securities Exchange, Nigeria. The local company provides hybrid … The Nigeria Infrastructure Debt Fund, launched by local investment firm Chapel Hill Denham Management, listed its first 49.5 million units as part of what is set to be a 2 billion issuance programme. The 10-year debt facility will enable the Nigerian solar power supplier to expand its existing portfolio. Latest data obtained from Chapel Hill Denham Management Limited revealed that with the second quarter distribution, the fund’s total distribution to unit holders hit N4.67bn in cash at the rate of […] He is a winner of the, Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. We use cookies to ensure you get the best experience on our website unitedsecuritieslimited.com For more information or to opt-out of cookies, please see our, Schedule of Material Amendments to the Programme Trust Deed. Chairman of the NIDF’s Investment Committee, Philip Southwell, said NSIA’s commitment to invest in the Fund was shifting the paradigm from the usual, as this was the first time this kind of investment was being undertaken in local currency and by an agency outside commercial banks and other financial institutions and agencies. The Fund, which is the first-ever listed infrastructure debt fund in Nigeria (and Sub-Saharan Africa), is a close-ended fund and has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure (e.g. Time: 10:00 a.m. The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF. var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; “We are pleased to support NIDF, as it is consistent with NSIA’s strategy of enabling Nigeria pension fund participation in infrastructure development, makes available long-term Naira financing, and is led by a high-quality management team. Read More The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics, and other public-private-partnership type investments. Visit our. The Chief Executive Officer and Managing Director of NSIA, Uche Orji, said the investment was in line with its strategy to participate in critical investments to develop key infrastructure in the country. “The NIDF changes that paradigm for Nigeria. The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF. The Fund has … He has covered, finance, energy, oil, gas & extractive industries for over a decade. Bassey is an a. lumnus of the U.S. International Visitors Leadership Programme. Chapel Hill Denham Management is Nigeria’s leading alternative asset manager. var adx_custom=""; Chapel Hill Denham Nigeria Infrastructure Debt Fund – NOTICE OF EXTRAORDINARY GENERAL MEETING. Tinubu: Dele Momodu wades into Fani-Kayode, Tunde Bakare feud, Man sentenced to death for killing own father, BUA’s Kabiru Rabiu ranked again as Africa’s under-40 economic leader, British firm begins gold mining in Nigeria, Lafarge, Jabi Mall, Grand Pela, 31 other firms enjoying tax holiday in Nigeria (FULL LIST), Libyan, Algerian electricity companies sign agreement on cooperation, Polaris Bank partners women’s society to boost vocational skills, COVID-19: LCCI pegs losses of MSMEs in Lagos at N2.7 billion, 20 Boko Haram members killed, 17 captured - Nigerian Army, NYSC Orientation Camps Address Nationwide, Nigeria’s Federal/States’ Budgets since 2005. Sorry, your blog cannot share posts by email. NIDF is able to support these projects with long-term financing and in the process, generates superior risk adjusted returns for its investors. The Fund Managers Association of Nigeria “FMAN” is an independent, non-governmental, non-political and non-profit making body that was established in August, 2009. Feyisayo Popoola. The Board of Directors of the African Development Bank Group have approved a Naira investment equivalent to $10 million in Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF). Nigeria, the largest economy in Sub-Saharan Africa with GDP of $405 billion and c.180 million people, has recorded remarkable growth (CAGR of 15%) since 2000). It has subsequently issued the first series under this programme – Series I 49,450,000 units of 101.20 each. Pension Fund Administrators (PFAs) can invest up to N2.4trillion in infrastructure funds and bonds if not for the non-availability of such eligible funds and bonds in the financial market. In a statement in Abuja, NSIA said the proposed investment aligns with its mandate “to develop and explore opportunities to play a leading role in driving sustained economic development for the benefit of all Nigerians.”. Unitholders are also required to submit their completed Proxy Form at the office of the Registrars of the Fund, United Securities Limited, Plot 9 Amodu Ojikutu Street, Victoria Island, Lagos or forward via email to eforms@unitedsecuritieslimited.com and NIDF-IR@chapelhilldenham.com, not later than 48 hoursbefore the date of the meeting. Nigeria Infrastructure Debt Fund, managed by Chapel Hill Denham, is Africa’s and Nigeria’s first listed infrastructure debt fund. The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. Latest data obtained from Chapel Hill … var adx_nid="13"; All content is Copyrighted © 2020 The Premium Times, Nigeria, Our website uses cookies. NIGERIA INFRASTRUCTURE DEBT FUND (Authorised and Registered in Nigeria as an Infrastructure Fund) Offer for Subscription of Series III: 150,000,000 Units of N100 Each Issued at N106.75 Under the N200,000,000,000 Issuance Programme Payable in Full on Application FUND MANAGER: The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria Post was not sent - check your email addresses! It operates three mandate funds, namely the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund. Chapel Hill Denham Nigeria Infrastructure Debt Fund: 107.71 : 13.11%: About FMAN. “Historically, senior debt financing for infrastructure projects in Nigeria has been provided by commercial banks, financial institutions, export credit agencies and multilateral/bilateral investment agencies in US dollars with a substantial proportion in relatively short tenors. Your email address will not be published. Required fields are marked *. The debt capital market in Nigeria, witnessed another significant market activity with the listing of the pioneer “Chapel Hill Denham Nigeria Infrastructure Debt Fund”. The NSIA was established by the instrumentation of the Nigeria Sovereign Investment Authority (Establishment, etc.) TEXT AD: To advertise here . Anshul Rai is the Founder & CEO of the Nigeria Infrastructure Debt Fund, Africa and Nigeria’s first and only listed, local currency infrastructure debt fund. By Pan African Towers Posted June 3, 2020 In PAT in the News Pan African Towers Limited (PAT), a leading telecoms infrastructure and wireless service provider, has raised an undisclosed amount of debt funding from the Nigeria Infrastructure Debt Fund (NIDF), managed by Chapel Hill Denham. Chapel Hill Denham Advisory is Nigeria and Africa’s leading independent investment bank. A Unitholder may attend the meeting either in person or by proxy. On December 14th, 2020, Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) opened a US$9.2 million (nearly 3.6 billion Nigerian Naira) line of credit to support Starsight Power Utility’s operations in Nigeria. To protect the integrity of the meeting, we will circulate the meeting’s log-in details 48 hours before the date of the meeting. The Proxy Form may also be downloaded here:Notice of MeetingSchedule of Material Amendments to the Programme Trust DeedProxy Form. Nigerian state-owned Infrastructure Credit Guarantee Company plans to raise additional capital to fund critical projects in Africa’s biggest economy. Dike Onwuamaeze writes on the need to take advantage of the huge pension assets to address Nigeria's pallid state of infrastructure. “We look forward to working with the NIDF team to ensure the fund grows through further institutional investor participation and access to high-quality investments,” Mr. Orji said. President Buhari Justifies Borrowing to Fund Infrastructure - 16 September 2020 Press Release - Facts About Chinese Loans to Nigeria - 18 June 2020 Press Release on Global Investors Meeting - 14 July 2020 The fund is structured to enable domestic long-term savings such as pension and retirement assets to be safely channelled into productive infrastructure assets in the country. The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics and other public-private-partnership type investments. By continuing to use this website you are giving consent to cookies being used. Investors in the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two years. Chapel Hill Denham Advisory Limited and Chapel Hill Denham Management Limited announced the opening of Chapel Hill Denham Nigeria Infrastructure Debt Fund Series 7 Offer of up to N20.24 billion under the CHD NIDF’s N200 billion Issuance Programme. Gas-to-Power, Fuel for Senegal’s Transition December 14, 2020 About NIDF: The Chapel Hill Denham’s Nigeria Infrastructure Debt Fund is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. September 11, 2020. storage terminals), logistics and other public-private-partnership type investments, thereby supporting infrastructural … The agency has a mission to play a leading role in driving sustained economic development for the benefit of Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure and providing stabilisation support in times of economic stress. He has covered finance, energy, oil, gas & extractive industries for over a decade. PREMIUM TIMES learnt that the fine details of the investment, including the amount involved and the terms, would eventually be made public as discussions are currently ongoing. Bassey Udo is PREMIUM TIMES' Business & Economy Editor. “NIDF has the potential to mobilise a meaningful proportion of this requirement, by channelling the growing pension and insurance assets as well as other long-term pools of capital into infrastructure investment and financing,” he explained. 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