The Nigeria Infrastructure Debt Fund (NIDF) has launched a Series 12 offer to raise N45 billion in fresh capital. The offer, managed by Chapel Hill Denham Management Limited, consists of 396.33 million units priced at N113.54 each, representing a 23.13 percent discount to the N147.70 closing price recorded on the Nigerian Exchange on September 22. This issuance is part of the fund’s N200 billion programme and aims to provide long-term, naira-denominated financing for infrastructure projects across the country. NIDF, the first listed infrastructure debt fund on the NGX, has distributed over N100 billion to investors since its inception in 2017.

The Nigeria Infrastructure Debt Fund (NIDF) has launched a N45 billion capital raise through its Series 12 Offer. The offer consists of 396.33 million units priced at N113.54 each, representing a 23.13% discount to the fund’s September 22 closing market price on the Nigerian Exchange. Managed by Chapel Hill Denham, this marks the fund’s 12th fundraising since 2017. Proceeds will be used to finance critical infrastructure projects across Nigeria. NIDF, which recently reported a pre-tax profit of N10.63 billion for half-year 2026, continues to focus on providing long-term naira financing and consistent investor returns.

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the regulator will maintain heightened supervision of the banking sector despite the successful conclusion of the recent recapitalisation exercise.

Speaking at the BusinessDay 14th Annual CEO Forum, Cardoso noted that while the industry raised between N4 trillion and N5 trillion in fresh capital to build resilience against economic shocks, continuous oversight remains essential. He emphasized that the stronger capital base is intended to support eventual increased lending to the private sector once inflation and interest rates moderate. Cardoso also warned banks against indiscriminate lending, urging them to prioritize sophisticated risk management and proper analysis, especially when navigating complex sectors like oil and gas. The CBN plans to collaborate with financial institutions to enhance their internal risk assessment capabilities.

The Nigerian equities market recorded a significant downturn on Monday, with the All-Share Index falling 0.84% to 241,749.11 points. Market capitalization shrunk by approximately N1.32 trillion, dropping to N155.13 trillion as profit-taking triggered widespread sell pressure across 46 stocks.

The industrial goods sector was the hardest hit, led by a 9.99% decline in BUA Cement. Other significant laggards included PZ Cussons, which fell 10%, along with notable losses in major banking stocks like FCMB Group, FBN Holdings, Zenith Bank, and GTCO. Despite the negative price movement, market activity increased, with trade volume rising 18.66% and total value traded jumping 33.39% to N22.28 billion. The market’s year-to-date return currently stands at 55.35%, with analysts attributing the sell-off to investor portfolio rebalancing.

The Nigerian equities market recorded a significant decline on Monday, with investors shedding N1.32 trillion in market capitalization as profit-taking swept through the industrial goods, banking, and consumer goods sectors. The NGX All-Share Index fell by 0.84% to close at 241,749.11 points, bringing the market capitalization to N155.13 trillion.

The session was marked by intense sell pressure, with 46 stocks recording losses against 19 gainers. BUA Cement led the industrial retreat with a 9.99% decline, while PZ Cussons emerged as the day’s biggest loser, dropping 10%. Banking heavyweights, including FCMB and First HoldCo, also faced notable declines. Despite the negative price movement, market activity intensified, with trade volume rising by 18.66% and total value surging by 14.81% to N22.28 billion. Year-to-date returns now stand at 55.35%.