To protect the integrity of the meeting, we will circulate the meeting’s log-in details 48 hours before the date of the meeting. Your email address will not be published. Your email address will not be published. TEXT AD: To advertise here . 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. “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. Save my name, email, and website in this browser for the next time I comment. Chief Investment Officer of the NIDF and Chief Executive Officer of Chapel Hill Denham, Bolaji Balogun, said: “Mobilisation of domestic currency sources for funding infrastructure is critical for Nigeria, in order to meaningfully bridge the existing infrastructure deficit.”. The Chief Executive Officer and Managing Director of NSIA, Uche Orji, said the investment was in line with its strategy to participate in critical investments to develop key infrastructure in the country. 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. Tweet. var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; “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. 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. Chairman of the NIDF’s Investment Committee, Philip Southwell, said NSIA’s commitment to invest in the Fund was shifting the paradigm from the usual, as this was the first time this kind of investment was being undertaken in local currency and by an agency outside commercial banks and other financial institutions and agencies. Required fields are marked *. Nigeria, the largest economy in Sub-Saharan Africa with GDP of $405 billion and c.180 million people, has recorded remarkable growth (CAGR of 15%) since 2000). By Pan African Towers Posted June 3, 2020 In PAT in the News Pan African Towers Limited (PAT), a leading telecoms infrastructure and wireless service provider, has raised an undisclosed amount of debt funding from the Nigeria Infrastructure Debt Fund (NIDF), managed by Chapel Hill Denham. The Nigeria Infrastructure Debt Fund, launched by local investment firm Chapel Hill Denham Management, listed its first 49.5 million units as part of what is set to be a 2 billion issuance programme. 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. 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. The 10-year debt facility will enable the Nigerian solar power supplier to expand its existing portfolio. Chapel Hill Denham Nigeria Infrastructure Debt Fund – NOTICE OF EXTRAORDINARY GENERAL MEETING. 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. Debt Facility from Nigeria Infrastructure Debt Fund is a close-ended Fund domiciled in Nigeria is Nigeria ’ s alternative!: 107.71: 13.11 %: About FMAN I comment financing and in the Nigeria Debt! The above from Nigeria Infrastructure Debt Fund, the Future Generations Fund and the Nigeria Sovereign Authority... 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