Nigeria Infrastructure Debt Fund launches N45bn capital raise

The Nigeria Infrastructure Debt Fund (NIDF) has launched a N45 billion capital raise through its Series 12 offer. Managed by Chapel Hill Denham, this marks the fund’s twelfth capital raise since its inception in 2017 and its fourth since listing on the Nigerian Exchange (NGX).

The Series 12 offer consists of 396.33 million units priced at N113.54 each, representing a 23.13% discount to the fund’s closing market price of N147.70 as of September 22, 2026. The proceeds are intended to finance additional infrastructure projects across Nigeria.

Since 2017, NIDF has financed projects with an aggregate value of approximately $625 million and has made 37 distributions to investors totaling more than N100 billion. Recent unaudited half-year 2026 results showed a pre-tax profit of N10.63 billion.