{
  "id": 12978182,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T23:26:10.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/nidf-reports-n17-36bn-profit-approves-n4-53-quarterly-dividend/"
  },
  "original_language": "en",
  "account": "The Denham Nigeria Infrastructure Debt Fund (NIDF) reported a remarkable N17.36 billion profit before tax for its nine-month period ending September 30, 2026, marking a 2.9% increase from the same period the previous year. Despite a general decline in market interest rates, the fund's total income grew by 3.7% to N19.13 billion compared to 2025. While interest income from infrastructure loans saw a 25.5% drop due to lower yields on the 10-year Federal Government bond, bank deposits generated a staggering 224.1% increase, reaching N5.1 billion. Total assets increased slightly by 1.1% year-to-date, reaching N139.2 billion, with financial assets held at fair value totaling N104.4 billion. The fund's total assets grew by 1.1% year-to-date from N137.3 billion. The Investment Committee approved a quarterly dividend of N4.53 per unit, the 38th distribution since inception, bringing the cumulative distribution paid to unitholders to N110 billion. The fund is currently executing a Series 12 capital raise to secure N45 billion, with an offer priced at N113.54 per unit, representing a 23.13% discount to the market closing price of N147.70 recorded on October 5. With a 472.22% return on investment since its listing in June 2017 and a trailing 12-month dividend yield of 19.64%, NIDF remains committed to Nigeria's development, positioning itself as the leading Infrastructure Fund in the region.",
  "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",
        "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",
        "published": "2026-10-08T23:20:10.000Z"
      }
    ]
  },
  "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."
}