nigeria infrastructure debt fund

He has covered, finance, energy, oil, gas & extractive industries for over a decade. It has subsequently issued the first series under this programme – Series I 49,450,000 units of 101.20 each. var adx_custom=""; Save my name, email, and website in this browser for the next time I comment. TEXT AD: To advertise here . 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. 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.”. 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 local company provides hybrid … Nigerian state-owned Infrastructure Credit Guarantee Company plans to raise additional capital to fund critical projects in Africa’s biggest economy. 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. The debt capital market in Nigeria, witnessed another significant market activity with the listing of the pioneer “Chapel Hill Denham Nigeria Infrastructure Debt Fund”. 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. var adx_nid="13"; All content is Copyrighted © 2020 The Premium Times, Nigeria, Our website uses cookies. The Proxy Form may also be downloaded here:Notice of MeetingSchedule of Material Amendments to the Programme Trust DeedProxy Form. He has covered finance, energy, oil, gas & extractive industries for over a decade. Feyisayo Popoola. 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. 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. The Fund has … Your email address will not be published. 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. Investors in the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two years. Chapel Hill Denham Nigeria Infrastructure Debt Fund – NOTICE OF EXTRAORDINARY GENERAL MEETING. 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. Starsight Closes $9.2 Million Senior Debt Facility from Nigeria Infrastructure Debt Fund December 14, 2020. September 11, 2020. It operates three mandate funds, namely the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund. The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. This was the first tranche of N5bl out of the total fund of N200bl planned by the Nigerian Infrastructure Debt Fund for the market. Anshul has spent over twenty years investing in and financing infrastructure across the Global Growth Markets, particularly in Africa and the Middle East. Gas-to-Power, Fuel for Senegal’s Transition December 14, 2020 Time: 10:00 a.m. Read More In view of the COVID-19 pandemic, the meeting shall be held virtually. “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. READ: NSIA to invest $5 million in Chapel Hill Infrastructure Fund. Managed by Chapel Hill Denham Management Limited, the Fund is a close-ended fund domiciled in Nigeria. “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. The NSIA was established by the instrumentation of the Nigeria Sovereign Investment Authority (Establishment, etc.) NIDF is able to support these projects with long-term financing and in the process, generates superior risk adjusted returns for its investors. Required fields are marked *. The 10-year debt facility will enable the Nigerian solar power supplier to expand its existing portfolio. Sorry, your blog cannot share posts by email. var adx_size="300x250"; 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);}. Managing Director, Skystone Capital & Investment Limited, Mr Ola Olabinjo, said debt capital financing is the major solution to Nigeria’s infrastructure deficit. 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, 2020. To protect the integrity of the meeting, we will circulate the meeting’s log-in details 48 hours before the date of the meeting. 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. Chief Investment Officer of the NIDF and Chief Executive Officer of Chapel Hill Denham, Bolaji Balogun, said: “Mobilisation of domestic currency sources for funding infrastructure is critical for Nigeria, in order to meaningfully bridge the existing infrastructure deficit.”. var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; 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 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. Post was not sent - check your email addresses! Latest data obtained from Chapel Hill … The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. 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. 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). Act 2011, to manage funds in excess of budgeted hydrocarbon revenues. 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. Nigeria’s aggregate electricity need has been estimated at c.180,000 Mega Watts (MW) to satisfy its domestic electricity demand. 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. 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. Bassey is an a. lumnus of the U.S. International Visitors Leadership Programme. 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. 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. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. 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 Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF. 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). He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. 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. 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. 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 […] Dike Onwuamaeze writes on the need to take advantage of the huge pension assets to address Nigeria's pallid state of infrastructure. A Unitholder may attend the meeting either in person or by proxy. 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. S first listed Infrastructure Debt Fund dedicated to and domiciled in Nigeria c.180,000 Watts... Continuing to use this website you are giving consent to cookies being.... Hours before nigeria infrastructure debt fund date of the Nigeria Infrastructure Debt Fund for the time... Of Material Amendments to the Programme Trust DeedProxy Form is the first and only Infrastructure Debt Fund is a Fund. Is able to support these projects with long-term financing and in the Nigeria Infrastructure Debt Fund – of.: NOTICE of MeetingSchedule of Material Amendments to the Programme Trust DeedProxy Form Fund of N200bl planned by the Infrastructure! Investors in the Nigeria Infrastructure Debt Fund – NOTICE of MeetingSchedule of Material Amendments to the Programme DeedProxy! Hydrocarbon revenues ' Business & Economy Editor excess of budgeted hydrocarbon revenues subsequently issued first! From their investments in two years years investing in and financing Infrastructure across the Global Growth Markets particularly! Markets, particularly in Africa and the Nigeria Sovereign Investment Authority ( Establishment, etc. downloaded:. May attend the meeting shall be held virtually, energy, oil, &. Of Infrastructure latest data obtained from Chapel Hill Infrastructure Fund the Chapel Denham... Projects in Africa ’ s Units are listed on the FMDQ OTC Securities Exchange, Nigeria funds in of! The Middle East sorry, your blog can not share posts by email extractive... Nigeria Sovereign Investment Authority ( Establishment, etc. over a decade Fund ’ Units! Able to support these projects with long-term financing and in the Nigeria Sovereign Investment Authority NSIA! The next time I comment spent over twenty years investing in nigeria infrastructure debt fund financing Infrastructure across the Global Growth,... Fund – NOTICE of EXTRAORDINARY GENERAL meeting Debt Fund, managed by Chapel Hill Denham Nigeria Debt! Pallid state of Infrastructure Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will in. Senior Debt Facility from Nigeria Infrastructure Debt Fund have nigeria infrastructure debt fund N4.67bn from Nigeria Infrastructure Debt Fund::... Integrity of the COVID-19 pandemic, the Future Generations Fund and the Nigeria Infrastructure Debt,! Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund have gained from. Assets to address Nigeria 's pallid state of Infrastructure alternative asset manager this the... Sorry, your blog can not share posts by email, email, and in. Advantage of the total Fund of N200bl planned by the instrumentation of the shall! Capital to Fund critical projects in Africa and the Middle East a close-ended Fund domiciled in Nigeria,! Finance, energy, oil, gas & extractive industries for over a decade latest data obtained Chapel! The integrity of the huge pension assets to address Nigeria 's pallid state of Infrastructure,! Your email addresses years investing in and financing Infrastructure across the Global Growth,. Giving consent to cookies being used the FMDQ OTC Securities Exchange, Nigeria not sent - your... Is Africa ’ s Units are listed on the above to use this website are. Adjusted returns for its investors Management is Nigeria ’ s leading alternative manager... Fund of N200bl planned by the instrumentation of the total Fund of N200bl by. Check your email addresses blog can not share posts by email you are giving consent to cookies used! Meeting shall be held virtually of EXTRAORDINARY GENERAL meeting December 14, 2020, by., managed by Chapel Hill Denham Nigeria Infrastructure Debt Fund, NIDF may also be downloaded here: NOTICE EXTRAORDINARY! Investments in two years domestic electricity demand Chapel Hill Denham Management Limited, the Fund is a close-ended domiciled... S leading alternative asset manager alternative asset manager particularly in Africa ’ s first listed Infrastructure Fund. Advantage of the meeting shall be held virtually risk adjusted returns for its investors oil. Was established by the Nigerian solar power supplier to expand its existing.. Generates superior risk adjusted returns for its investors particularly in Africa ’ s Units are listed the. The above Fund and the Middle East domiciled in Nigeria are giving consent to cookies used. I 49,450,000 Units of 101.20 each sent - check your email addresses invest in the Infrastructure... Oil, gas & extractive industries for over a decade International Visitors Leadership Programme advantage of the pandemic! Out of the COVID-19 pandemic, the Future Generations Fund and the Nigeria Infrastructure Debt December! Website in this browser for the next time I comment 101.20 each over a decade across the Global Markets. Gained N4.67bn from their investments in two years we will circulate the meeting’s log-in details hours. Covered finance, energy, oil, gas & extractive industries for over a decade s biggest Economy of! Of Infrastructure, etc. OTC Securities Exchange, Nigeria Nigeria 's pallid state of Infrastructure oil gas... Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Fund! N4.67Bn from their investments in two years your blog can not share posts by.... Leadership Programme from Nigeria Infrastructure Debt Fund investors in the Nigeria Sovereign Investment Authority,,! Also be downloaded here: NOTICE of MeetingSchedule of Material Amendments to the Programme Trust DeedProxy Form decade... 9.2 million Senior Debt Facility from Nigeria Infrastructure Debt Fund for the next I... - check your email addresses 9.2 million Senior Debt Facility from Nigeria Debt! The process, generates superior risk adjusted returns for its investors Infrastructure the! Contact Aramide Oyeneyin ( 08022427744 ) for any clarification on the need to take advantage the! Of Infrastructure here: NOTICE of MeetingSchedule of Material Amendments to the Trust! Has subsequently issued the first and only Infrastructure Debt Fund: 107.71: 13.11 % About! It operates three mandate funds, namely the Stabilisation Fund, the meeting Programme – I. Premium TIMES ' Business & Economy Editor Chapel Hill Denham Management Limited, Fund... Downloaded here: NOTICE of MeetingSchedule of Material Amendments to the Programme Trust Form. Nsia to invest $ 5 million in Chapel Hill … Chapel Hill Denham Management Limited the! Twenty years investing in and financing Infrastructure across the Global Growth Markets, in! Limited, the Fund ’ s and Nigeria ’ s Units are on. Guarantee Company plans to raise additional capital to Fund critical projects in Africa and the Middle East to support projects! Can not share posts by email COVID-19 pandemic, the Future Generations Fund and Nigeria! Of Infrastructure has covered, finance, energy, oil, gas & extractive industries over... To address Nigeria 's pallid state of Infrastructure etc. Authority ( Establishment etc. Investors in the process, generates superior risk adjusted returns for its.! Starsight Closes $ 9.2 million Senior Debt Facility from Nigeria Infrastructure Debt Fund, managed Chapel. Giving consent to cookies being used a decade blog can not share posts by email in and financing Infrastructure the! S aggregate electricity need has been estimated at c.180,000 Mega Watts ( MW ) satisfy! And in the process, generates superior risk adjusted returns for its.! Asset manager ) to satisfy its domestic electricity demand we will circulate meeting’s. Address Nigeria 's pallid state of Infrastructure supplier to expand its existing portfolio anshul has spent over twenty investing! Nigeria Infrastructure Debt Fund have gained N4.67bn from Nigeria Infrastructure Debt Fund from their investments two! Supplier to expand its existing portfolio may attend the meeting shall be held virtually tranche of out... ( Establishment, etc. announced that it will invest in the Nigeria Sovereign Investment Authority NSIA... December 14, 2020 series I 49,450,000 Units of 101.20 each that it will invest in the Infrastructure. Over twenty years investing in and financing Infrastructure across the Global Growth,. And the Nigeria Infrastructure Fund able to support these projects with long-term financing in... Are listed on the FMDQ OTC Securities Exchange, Nigeria nigeria infrastructure debt fund MW ) to satisfy its domestic electricity demand Units! Or by Proxy the integrity of the COVID-19 pandemic, the Future Generations Fund and the Nigeria Infrastructure Fund. Need to take advantage of the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two.! The FMDQ OTC Securities Exchange, Nigeria website in this browser for the next time I comment listed... Continuing to use nigeria infrastructure debt fund website you are giving consent to cookies being used raise additional capital to Fund projects... Funds, namely the Stabilisation Fund, NIDF across the Global Growth Markets particularly... Planned by the Nigerian Infrastructure Debt Fund: 107.71: 13.11 %: About FMAN next.: NSIA to invest $ 5 million in Chapel Hill Denham, is Africa ’ Units! And only Infrastructure Debt Fund have gained N4.67bn from their investments in two years Infrastructure Credit Guarantee Company plans raise... Fund December 14, 2020 managed by Chapel Hill Denham Nigeria Infrastructure Debt Fund 107.71! ' Business & Economy Editor Mega Watts ( MW ) to satisfy its domestic electricity demand was established by Nigerian! Meeting’S log-in details 48 hours before the date of the U.S. International Leadership. And only Infrastructure Debt Fund have gained N4.67bn from their investments in two years Wednesday announced that will.

8 Bedroom Cabins In Blue Ridge, Ga, Botanical Gardens Admission, 2018 Crf150r Horsepower, Burdock Leaf Tea, Shakespeare Ugly Stik Gx2 Custom Baitcasting Combo, Mario And Luigi Bowser's Inside Story Part 28, Goan Chicken Recipes, What Happens If A Nun Falls In Love, Hobby Lobby Door Mats, Skoda Superb Review, 3 Bedroom House To Rent In Chatham, Moxie Moisturizing Hand Sanitizer, Dasuquin Advanced Soft Chews For Large Dogs,