By listing the NIDF on the Financial Markets Dealers Quotations, FMDQ, Exchange in July 2017, we have created liquidity in an asset class that is inherently illiquid, strengthened the domestic capital markets and enabled a wider range of investors to invest in infrastructure,” he said. The Proxy Form may also be downloaded here:Notice of MeetingSchedule of Material Amendments to the Programme Trust DeedProxy Form. The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF. The Fund has … A Unitholder may attend the meeting either in person or by proxy. Latest data obtained from Chapel Hill … Call Willie +2347088095401... Bassey Udo is PREMIUM TIMES' Business & Economy Editor. The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. Twitter: @ba_udo, if (screen && screen.width > 1024){var script=document.createElement('script'); script.src='//served-by.pixfuture.com/www/delivery/headerbid.js'; script.setAttribute("slotId","20018x300x600x3423x_ADSLOT9"); script.setAttribute("refreshInterval",30); script.setAttribute("refreshTime",5); document.getElementById("20018x300x600x3423x_ADSLOT9").appendChild(script);}. Post was not sent - check your email addresses! The Chapel Hill Denham Nigeria Infrastructure Debt Fund is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. The NSIA was established by the instrumentation of the Nigeria Sovereign Investment Authority (Establishment, etc.) Kindly be informed that the Extra-Ordinary General Meeting of Chapel Hill Denham Nigeria Infrastructure Debt Fund (the Fund) is scheduled to hold virtually: Date: Wednesday September 16, 2020Time: 10:00 a.m. Kindly find below the updated Notice of Meeting, the schedule of material amendments to the Programme Trust Deed, and the Proxy Form. The local company provides hybrid … He has covered finance, energy, oil, gas & extractive industries for over a decade. Bassey Udo is PREMIUM TIMES' Business & Economy Editor. var adx_size="300x250"; By continuing to use this website you are giving consent to cookies being used. It operates three mandate funds, namely the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund. storage terminals), logistics and other public-private-partnership type investments, thereby supporting infrastructural … In a statement in Abuja, NSIA said the proposed investment aligns with its mandate “to develop and explore opportunities to play a leading role in driving sustained economic development for the benefit of all Nigerians.”. Latest data obtained from Chapel Hill Denham Management Limited revealed that with the second quarter distribution, the fund’s total distribution to unit holders hit N4.67bn in cash at the rate of […] Chapel Hill Denham Management is Nigeria’s leading alternative asset manager. He has covered, finance, energy, oil, gas & extractive industries for over a decade. “We are pleased to support NIDF, as it is consistent with NSIA’s strategy of enabling Nigeria pension fund participation in infrastructure development, makes available long-term Naira financing, and is led by a high-quality management team. The agency has a mission to play a leading role in driving sustained economic development for the benefit of Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure and providing stabilisation support in times of economic stress. READ: NSIA to invest $5 million in Chapel Hill Infrastructure Fund. Unitholders may appoint a proxy of their choice or appoint from the list of the proposed proxies torepresent them at the Meeting:Mr. Charles Omoera (Representative of the Joint Trustees of the Fund)Mrs. Funmi Ekundayo (Representative of the Joint Trustees of the Fund)Mr. Mobolaji Balogun (Managing Director of the Fund Manager). NIDF is able to support these projects with long-term financing and in the process, generates superior risk adjusted returns for its investors. “Historically, senior debt financing for infrastructure projects in Nigeria has been provided by commercial banks, financial institutions, export credit agencies and multilateral/bilateral investment agencies in US dollars with a substantial proportion in relatively short tenors. var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; Save my name, email, and website in this browser for the next time I comment. “NIDF has the potential to mobilise a meaningful proportion of this requirement, by channelling the growing pension and insurance assets as well as other long-term pools of capital into infrastructure investment and financing,” he explained. The fund is structured to enable domestic long-term savings such as pension and retirement assets to be safely channelled into productive infrastructure assets in the country. Sorry, your blog cannot share posts by email. Kindly be informed that the Extra-Ordinary General Meeting of Chapel Hill Denham Nigeria Infrastructure Debt Fund (the Fund) is scheduled to hold virtually: Date: Wednesday September 16, 2020. “The NIDF changes that paradigm for Nigeria. Your email address will not be published. It has subsequently issued the first series under this programme – Series I 49,450,000 units of 101.20 each. Time: 10:00 a.m. Managed by Chapel Hill Denham Management Limited, the Fund is a close-ended fund domiciled in Nigeria. Nigeria Infrastructure Debt Fund, managed by Chapel Hill Denham, is Africa’s and Nigeria’s first listed infrastructure debt fund. Managing Director, Skystone Capital & Investment Limited, Mr Ola Olabinjo, said debt capital financing is the major solution to Nigeria’s infrastructure deficit. “We look forward to working with the NIDF team to ensure the fund grows through further institutional investor participation and access to high-quality investments,” Mr. Orji said. He is a winner of the, Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. Please feel free to contact Aramide Oyeneyin (08022427744) for any clarification on the above. var adx_custom=""; Read More Chapel Hill Denham Advisory is Nigeria and Africa’s leading independent investment bank. Mr. Balogun said NIDF would continue to direct institutional investments into productive infrastructure asset, which have a positive development impact, through the multiplier effect on investments, economic growth and well-being of the population. var adx_nid="13"; All content is Copyrighted © 2020 The Premium Times, Nigeria, Our website uses cookies. Anshul has spent over twenty years investing in and financing infrastructure across the Global Growth Markets, particularly in Africa and the Middle East. Nigeria’s aggregate electricity need has been estimated at c.180,000 Mega Watts (MW) to satisfy its domestic electricity demand. To protect the integrity of the meeting, we will circulate the meeting’s log-in details 48 hours before the date of the meeting. The Fund Managers Association of Nigeria “FMAN” is an independent, non-governmental, non-political and non-profit making body that was established in August, 2009. It is the first and only domestic currency-listed infrastructure debt fund across Africa and is focused on mobilising domestic savings, particularly pension funds, life insurance companies, large corporate as well as family office groups – for investing in economically critical and financially viable infrastructure asset. Pension Fund Administrators (PFAs) can invest up to N2.4trillion in infrastructure funds and bonds if not for the non-availability of such eligible funds and bonds in the financial market. President Buhari Justifies Borrowing to Fund Infrastructure - 16 September 2020 Press Release - Facts About Chinese Loans to Nigeria - 18 June 2020 Press Release on Global Investors Meeting - 14 July 2020 Anshul Rai is the Founder & CEO of the Nigeria Infrastructure Debt Fund, Africa and Nigeria’s first and only listed, local currency infrastructure debt fund. FMDQ Lists Nigeria Infrastructure Debt Fund, Others Having successfully obtained the Securities and Exchange Commission’s approval, Chapel Hill Denham Management Limited has registered and established the Nigeria Infrastructure Debt Fund 200bn issuance programme. The Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) has marked its second anniversary, delivering over 55 per cent of returns to unitholders during the period. The Fund, which is the first-ever listed infrastructure debt fund in Nigeria (and Sub-Saharan Africa), is a close-ended fund and has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure (e.g. The Board of Directors of the African Development Bank Group have approved a Naira investment equivalent to $10 million in Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF). We use cookies to ensure you get the best experience on our website unitedsecuritieslimited.com For more information or to opt-out of cookies, please see our, Schedule of Material Amendments to the Programme Trust Deed. Unitholders are also required to submit their completed Proxy Form at the office of the Registrars of the Fund, United Securities Limited, Plot 9 Amodu Ojikutu Street, Victoria Island, Lagos or forward via email to eforms@unitedsecuritieslimited.com and NIDF-IR@chapelhilldenham.com, not later than 48 hoursbefore the date of the meeting. September 11, 2020. The Fund’s Units are listed on the FMDQ OTC Securities Exchange, Nigeria. PREMIUM TIMES learnt that the fine details of the investment, including the amount involved and the terms, would eventually be made public as discussions are currently ongoing. Chapel Hill Denham Nigeria Infrastructure Debt Fund: 107.71 : 13.11%: About FMAN. var adx_adsvr_adspace_id="3985"; Our funds are focused on areas accretive to Africa’s and Nigeria’s economic development targeting sectors such as Infrastructure, Energy and Renewables, Real Estate, SMEs, Financial Inclusion, Healthcare and Education. Visit our. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. On December 14th, 2020, Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) opened a US$9.2 million (nearly 3.6 billion Nigerian Naira) line of credit to support Starsight Power Utility’s operations in Nigeria. Reap N4.67bn from their investments in two years the Chapel Hill Denham Infrastructure! The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it invest! Risk adjusted returns for its investors need has been estimated at c.180,000 Mega Watts MW... 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