By Iffy.
Nigeria Energy Sector Fund (NESF) has recorded that its profit rose by 100.88 per cent to N151.37m at the end of the financial year in March 31, 2022 from N75.35m in the corresponding period of 2021.
A statement on the financial year 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 was established to mobilise investible funds, and 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.
