Markets
Nigeria Energy Sector Fund declares N383 per unit payout
SCM Capital Asset Management has announced a financial distribution for unitholders of the Nigeria Energy Sector Fund following a productive operational period.
Key points
- The Nigeria Energy Sector Fund approved a distribution of N383.00 per unit for unitholders.
- The fund is managed by SCM Capital Asset Management Limited and was established in 1988.
- Payment disbursement is scheduled for October 2026 for eligible investors with active e-dividend profiles.
What happened
According to Punch reporting, the Nigeria Energy Sector Fund has filed a corporate action with the Nigerian Exchange Group to approve a payout of N383.00 per unit. Managed by SCM Capital Asset Management Limited, the closed-end investment vehicle based its financial return on performance data for the period ending 31 March 2025.
Established initially in 1998, the fund aims to bridge financing gaps within the country's energy landscape. SCM Capital attributed the positive financial outcome to disciplined expenditure control, higher fixed-income returns, and solid investments in oil and gas equities.
What comes next
Investors wishing to receive the distribution must meet specific timeline criteria outlined by the fund managers. The qualification date and register closure are set for October 2026, with electronic payments scheduled to reach accounts on 21 October 2026.
Managing Director Omololu Ajediran urged participants via Punch to complete electronic dividend registrations to ensure direct fund transfers. Unitholders possessing legacy coupon warrants have been directed to update their documentation through Pace Registrars Limited in Lagos Island.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Exchange rates and the cost of capital shape every energy project, especially in emerging markets where equipment is priced in dollars.
₦1,331.19 per US dollar, reference rate todayCountries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
