Nigeria Energy Sector Fund reports N381m profit growth
The Nigeria Energy Sector Fund has reported a 30.89% revenue growth to N444.58m for the financial year ended March 31, 2025, according to its results. Read More: https://punchng.com/nigeria-energy-sector-fund-reports-n381m-profit-growth/
The Nigeria Energy Sector Fund, overseen by SCM Capital Asset Management Limited, reported a N381 million growth in profits for the year ending 31 March 2025, according to its audited financial statements submitted to the Nigerian Exchange. The Fund's performance was propelled by strong positions in oil and gas equities, elevated fixed-income yields, and diligent cost control measures.
In 2025, the Fund's total revenue increased by 30.89 per cent, reaching N444.58 million from N339.66 million the previous year. This growth was fueled by a substantial rise in trading income, which reached N274.28 million from N213.45 million in 2024. Additionally, the Fund benefited from significant contributions from interest income on call placements, treasury bills, and bonds, amounting to N144.57 million.
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