Coronation Group has listed its ₦8.79 billion Infrastructure Fund (CIF) on the Nigerian Exchange (NGX), offering 87.9 million units at ₦100 each.
The fund, described as a liquid and professionally managed option, targets investors seeking long-term, infrastructure-driven growth.
CEO of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, said the fund reflects the firm’s commitment to wealth creation and national development, while Mayowa Ikotun, Head of the CIF, highlighted its role in democratizing infrastructure investment.
The CIF’s Series I offer, which closed in 2024, raised ₦8.79 billion with a 44% subscription rate, setting a record for debut infrastructure funds in Nigeria.