The Coronation Infrastructure Fund (CIF) has been listed on the Main Board of the Nigerian Exchange Limited (NGX), debuting at ₦100 ($0.07) per unit with 87.9 million outstanding units. This gives the fund a starting market capitalisation of ₦8.79 billion ($5.72 million). Managed by Coronation Asset Management, CIF is a closed-end fund designed for long-term investors seeking exposure to infrastructure-linked debt investments across Nigeria and Sub-Saharan Africa, particularly in transport, energy, and housing.
Trading under the ticker symbol CNIF within the Industrial Goods sector, CIF enters the market as one of the smallest in its category. It sits well below Smart Products Nigeria (₦32.4 billion) and Lafarge Africa (₦2.16 trillion). Despite this, Coronation is positioning CIF as a bold, strategic play. CEO Aigovbioise Imoukhuede called it a “transformational product rooted in deep market insights and strong governance.”
Mayowa Ikotun, Head of CIF, said the listing represents a turning point for the sector: “We’re opening the door for more people to invest in infrastructure.” A Series II issuance is already in the works to broaden access and participation.
