The Nigeria Infrastructure Debt Fund (NIDF) has launched a N45 billion capital raise to finance additional infrastructure projects across the country. The Series 12 offer is the fund's twelfth capital raise since its inception in 2017 and its fourth since listing on the Nigerian Exchange (NGX). Managed by Chapel Hill Denham, NIDF provides long-term naira financing for infrastructure projects. It said it had financed projects with an aggregate value of approximately $625 million and was assessing further investment opportunities across several infrastructure subsectors.
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