Nigeria Energy Sector Fund its profit rose by 100.88 per cent to N151.37m at the end of the financial year ended March 31, 2022 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 mobilize 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.