Nigeria Energy Sector Fund announces N383 unit distribution

The Nigeria Energy Sector Fund announced a distribution of N383.00 per unit to its unitholders, as announced in a corporate action filing with the Nigerian Exchange Group. This distribution is for the period ending March 31, 2025, and follows a successful operational cycle for the fund, which was established in 1998 to address financing gaps and invest in Nigeria's energy sector.

The fund, managed by SCM Capital Asset Management Limited, boasts a strong position in oil and gas equities, fixed-income yields, and disciplined cost management, resulting in competitive value and medium-to-long-term capital appreciation for investors. The qualification date for determining eligible investors is set for October 16, 2026, with the close of the register of members following soon after.

SCM Capital Asset Management Limited's Managing Director, Omololu Ajediran, emphasized the company's commitment to prioritizing unitholder returns through automated systems. To ensure a hassle-free electronic payment, unitholders are encouraged to complete their e-dividend registrations, with payments expected to be disbursed on October 21, 2026, to those with active e-dividend mandates.

Unitholders who have yet to finalize their e-dividend registrations are advised to visit the registrar's portal or contact their respective banks. Investors with legacy or unclaimed coupon warrants are urged to update their mandates through Pace Registrars Limited, located in the Knight Frank Building in Lagos Island.