NESF Profit Grows By Over 100%

Nigeria Energy Sector Fund profit rose by 100.88 percent to N151.37million at the end of the financial year ended March 31, 2022.

This is 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.

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

Related post