{
  "id": 12977105,
  "title": "NIDF reports N17.36bn profit, approves N4.53 quarterly dividend",
  "url": "https://urgent.news/2026/10/08/nidf-reports-n17-36bn-profit-approves-n4-53-quarterly-dividend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T23:20:10.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/nidf-reports-n17-36bn-profit-approves-n4-53-quarterly-dividend/"
  },
  "original_language": "en",
  "account": "The Nigeria Infrastructure Debt Fund (NIDF) reported a profit of N17.36 billion for the nine-month period ending September 30, 2026, marking a 2.9% increase compared to the same period last year. Despite a general decrease in market interest rates, the fund's total income grew by 3.7% to N19.13 billion. Interest income from infrastructure loans declined by 25.5% due to reduced yields on the 10-year Federal Government bond, while bank deposits generated a 224.1% surge in interest income to N5.1 billion. The fund's assets increased slightly by 1.1% year-to-date, reaching N139.2 billion, while financial assets held at fair value amounted to N104.4 billion. The Investment Committee approved a N4.53 per unit quarterly dividend, bringing the total cumulative distributions to unitholders to N110 billion. With the execution of its Series 12 capital raise, NIDF aims to secure N45 billion to expand its financing pipeline in key sectors. The fund has generated a 472.22% return on investment since its inception in June 2017 and offers a trailing 12-month dividend yield of 19.64%. Management expressed optimism about the long-term prospects of naira-denominated project finance debt for Nigeria's development, emphasizing the fund's growing demand and commitment to impact lives through investments in sectors beneficial to Nigeria's economic growth.",
  "summary": "The Nigeria Infrastructure Debt Fund has reported a N17.36bn profit before tax for the nine months ended September 30, 2026, and approved a dividend of N4. Read More: https://punchng.com/nidf-reports-n17-36bn-profit-approves-n4-53-quarterly-dividend/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "NIDF reports N17.36bn profit, approves N4.53 quarterly dividend",
        "url": "https://urgent.news/2026/10/08/nidf-reports-n17-36bn-profit-approves-n4-53-quarterly-dividend-12978182",
        "published": "2026-10-08T23:26:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}