Managing Director, Skystone Capital & Investment Limited, Mr Ola Olabinjo, said debt capital financing is the major solution to Nigeria’s infrastructure deficit. The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. 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. Details on the Fund obtained by PREMIUM TIMES on Wednesday showed it is used in supporting traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics and other public-private-partnership, PPP, type of investments, with Naira long-dated senior debt. 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. It operates three mandate funds, namely the Stabilisation Fund, the Future Generations Fund and the Nigeria Infrastructure Fund. 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. Read More 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. The Board of Directors of the African Development Bank Group has approved a Naira investment equivalent to US$ 10 million in Chapel Hill Denham Nigeria He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. 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. Chapel Hill Denham Management is Nigeria’s leading alternative asset manager. Chapel Hill Denham Advisory is Nigeria and Africa’s leading independent investment bank. He has covered finance, energy, oil, gas & extractive industries for over a decade. Latest data obtained from Chapel Hill … Visit our. 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.”. September 11, 2020. Time: 10:00 a.m. 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. 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. Starsight Closes $9.2 Million Senior Debt Facility from Nigeria Infrastructure Debt Fund December 14, 2020. Required fields are marked *. 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. “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. “The NIDF changes that paradigm for Nigeria. storage terminals), logistics and other public-private-partnership type investments, thereby supporting infrastructural … By continuing to use this website you are giving consent to cookies being used. The Proxy Form may also be downloaded here:Notice of MeetingSchedule of Material Amendments to the Programme Trust DeedProxy Form. To protect the integrity of the meeting, we will circulate the meeting’s log-in details 48 hours before the date of the meeting. Chapel Hill Denham Nigeria Infrastructure Debt Fund: 107.71 : 13.11%: About FMAN. Gas-to-Power, Fuel for Senegal’s Transition December 14, 2020 Chapel Hill Denham Advisory Limited and Chapel Hill Denham Management Limited announced the opening of Chapel Hill Denham Nigeria Infrastructure Debt Fund Series 7 Offer of up to N20.24 billion under the CHD NIDF’s N200 billion Issuance Programme. This was the first tranche of N5bl out of the total fund of N200bl planned by the Nigerian Infrastructure Debt Fund for the market. Chapel Hill Denham Nigeria Infrastructure Debt Fund – NOTICE OF EXTRAORDINARY GENERAL MEETING. Nigeria’s aggregate electricity need has been estimated at c.180,000 Mega Watts (MW) to satisfy its domestic electricity demand. var adx_adsvr_adspace_id="3985"; 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). 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. 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He has covered, finance, energy, oil, gas & extractive industries for over a decade. 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 […] A Unitholder may attend the meeting either in person or by proxy. var adx_nid="13"; All content is Copyrighted © 2020 The Premium Times, Nigeria, Our website uses cookies. “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. About NIDF: The Chapel Hill Denham’s Nigeria Infrastructure Debt Fund is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. The Fund is an Infrastructure Fund under the rules and regulations of the Securities & Exchange Commission, Nigeria and the National Pension Commission, Nigeria. The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics and other public-private-partnership type investments. It has subsequently issued the first series under this programme – Series I 49,450,000 units of 101.20 each. The local company provides hybrid … Dike Onwuamaeze writes on the need to take advantage of the huge pension assets to address Nigeria's pallid state of infrastructure. Call Willie +2347088095401... Bassey Udo is PREMIUM TIMES' Business & Economy Editor. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. 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. Investors in the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two years. 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 TEXT AD: To advertise here . 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. The debt capital market in Nigeria, witnessed another significant market activity with the listing of the pioneer “Chapel Hill Denham Nigeria Infrastructure Debt Fund”. In view of the COVID-19 pandemic, the meeting shall be held virtually. 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. Nigeria Infrastructure Debt Fund, managed by Chapel Hill Denham, is Africa’s and Nigeria’s first listed infrastructure debt fund. Bassey Udo is PREMIUM TIMES' Business & Economy Editor. Nigerian state-owned Infrastructure Credit Guarantee Company plans to raise additional capital to fund critical projects in Africa’s biggest economy. Your email address will not be published. Sorry, your blog cannot share posts by email. var adx_size="300x250"; The NSIA was established by the instrumentation of the Nigeria Sovereign Investment Authority (Establishment, etc.) 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. 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. 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. 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. Tweet. Save my name, email, and website in this browser for the next time I comment. Please feel free to contact Aramide Oyeneyin (08022427744) for any clarification on the above. The Fund has … 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);}. 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). The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF. Your email address will not be published. The Fund’s Units are listed on the FMDQ OTC Securities Exchange, Nigeria. READ: NSIA to invest $5 million in Chapel Hill Infrastructure Fund. 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. The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics, and other public-private-partnership type investments. 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). The 10-year debt facility will enable the Nigerian solar power supplier to expand its existing portfolio. The Nigeria Sovereign Investment Authority, NSIA, on Wednesday announced that it will invest in the Nigeria Infrastructure Debt Fund, NIDF. 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.”. The Chapel Hill Denham Nigeria Infrastructure Debt Fund is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. Post was not sent - check your email addresses! Investors Reap N4.67bn from Nigeria Infrastructure Debt Fund Investors in the Nigeria Infrastructure Debt Fund have gained N4.67bn from their investments in two years. Managed by Chapel Hill Denham Management Limited, the Fund is a close-ended fund domiciled in Nigeria. 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. “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. 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. var adx_adsvr_adspace_vAppRoot="https://ads.dochase.com/adx-dir-d/"; 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. var adx_custom=""; 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. Bassey is an a. lumnus of the U.S. International Visitors Leadership Programme. NIDF is able to support these projects with long-term financing and in the process, generates superior risk adjusted returns for its investors. Act 2011, to manage funds in excess of budgeted hydrocarbon revenues. Feyisayo Popoola. The Fund’s Units are listed on the FMDQ OTC Securities Exchange, Nigeria. “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. Anshul has spent over twenty years investing in and financing infrastructure across the Global Growth Markets, particularly in Africa and the Middle East. 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