Markets
Nigeria energy fund reports revenue growth
The Nigeria Energy Sector Fund has published its financial results for the year ending March 2025.
Key points
- Total revenue increased by over 30 per cent.
- Trading income and interest yields contributed to the performance.
- Dividend payouts from portfolio holdings also rose.
Financial results
According to Punch, the Nigeria Energy Sector Fund announced its audited financial statements for the 2025 fiscal year on the Nigerian Exchange. Managed by SCM Capital Asset Management Limited, the fund recorded a revenue increase of 30.89 per cent, moving to N444.58m from N339.66m in the previous financial period.
Growth drivers
The financial progression was attributed to gains from oil and gas equity positioning, improved returns on fixed-income instruments, and careful expenditure controls. Trading earnings expanded to N274.28m, compared with N213.45m previously. Additionally, interest generated from call accounts, bonds, and treasury bills reached N144.57m.
Returns from underlying share investments improved notably as well. Dividend income climbed to N25.73m from N14.61m, reflecting stronger distributions from companies within the portfolio.
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.
₦1,331.28 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.
