NESF records N151.37m profit


Nigeria Energy Sector Fund its profit rose by 100.88 per cent to N151.37m at the end of the financial year ended March 31, 2022 from N75.35m in the corresponding period of 2021.

A statement on the financial year ended 31st March 2022 showed that the result remained the highest earnings per share, representing a historical performance of the fund in five years.

The fund, which remained the only specific fund designed to be invested in energy, oil and gas securities and assets and established to mobilise investible funds, is a closed ended mutual fund listed and traded on Nigerian Exchange Limited.

Having been listed on NGX for several years, the fund is one of the highest paying dividend stocks with N152 per unit holding against the N75 paid in 2021.

Previous Article

Inflation hits 20.77%, food supply, FX crises worsen

Next Article

Universal Insurance grows gross premium to N3.5bn

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.