The Nigeria Energy Sector Fund has officially announced a corporate action filing with the Nigerian Exchange Group, approving a distribution of N383.00 per unit to unitholders.
The prominent closed-end investment fund, managed by SCM Capital Asset Management Limited, announced a financial payout and corporate action for the period ended 31 March 2025. The announcement follows a strong operational cycle for the fund, established in 1998 to address financing gaps and channel investment into Nigeria’s energy sector.
Backed by strong positioning in oil and gas equities, enhanced fixed-income yields, and disciplined cost management, the fund has continued to deliver competitive value and medium-to-long-term capital appreciation to its investors.
According to the schedule, the qualification date to determine eligible investors is slated for Monday, October 16, 2026, alongside the closure of the register of members.
Commenting on the development, the Managing Director of SCM Capital Asset Management Limited, Omololu Ajediran, highlighted the company’s commitment to prioritising unitholder returns through automated systems.
“We remain dedicated to ensuring our unitholders reap the rewards of their investments promptly and efficiently. We strongly encourage all investors to complete their e-dividend registrations to facilitate direct, hassle-free electronic payments straight into their designated bank accounts,” he said.
The key operational timeline features a proposed distribution of N383.00 per unit, a qualification date set for Monday, 16 October 2026, and the closure of the register on Friday, 19 October 2026. Payment will be disbursed electronically on Wednesday, 21 October 2026, to qualified unitholders with active e-dividend mandates.
Unitholders who have yet to finalise their e-dividend registrations are advised to access the activation forms via the registrar’s portal or coordinate directly with their respective banks.
Furthermore, investors with legacy or unclaimed coupon warrants are urged to update their mandates through the registrars, Pace Registrars Limited, situated at the Knight Frank Building, Lagos Island.