Energy Sector Fund declares N151.37m profit

Nigeria Energy Sector Fund has declared N151.37m profit for the financial year ended March 31, 2022, a 100.88 per cent rise from N75.35m in the corresponding period of 2021.

The establishment’s financial statement for the period 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.

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