NREIT surpasses 120 assets after ₦7bn raise, following the successful completion of its Series 5 fundraising exercise, which strengthened the real estate investment trust’s portfolio and liquidity position. The expansion marks a significant milestone for the Shariah-compliant fund as it continues to grow its presence in Nigeria’s property market.

According to its first-quarter financial statement submitted to the Nigerian Exchange Group, the newly raised capital was used to complete strategic property acquisitions and support working capital needs. Part of the proceeds was deployed to settle the outstanding balance for an additional warehouse facility at the Lagos Free Zone.

Following the capital injection, the trust’s portfolio has grown to more than 120 assets. The holdings include four industrial facilities occupied by blue-chip corporate tenants and 119 corporate residential units leased to diplomatic and corporate occupants on dollar-denominated rental agreements.

The asset expansion coincided with strong financial performance in the first quarter of 2026. Profit before tax increased substantially to ₦3.19 billion, compared with ₦736.56 million recorded during the corresponding period of 2025. Total comprehensive income also rose significantly despite the fund recording a foreign exchange loss during the quarter.

Supported by improved cash inflows, the fund manager announced its 21st consecutive quarterly dividend distribution since inception. Eligible investors are expected to receive payouts under an approved structure that provides different distributions for existing and newly subscribed units, with payments made in the currencies in which rental income was generated.

As of March 31, 2026, the trust’s total assets stood at ₦205.89 billion, up from ₦197 billion recorded at the end of December 2025. Net assets attributable to unitholders closed the quarter at ₦189.86 billion, highlighting continued growth in the fund’s financial position and asset base.

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NASD Plc has opened fresh market access for Jilnas Nigeria Limited with the listing of the company’s N3 billion Series 1 Commercial Paper (CP), the debut issuance under its N10 billion CP Programme.

The offer, which opened on August 27 and closed on September 4, 2025, will mature on June 2, 2026.

Arranged by Pathway Advisors Limited, the 270-day Series 1 CP offers a competitive 25 percent annual yield. The funds will support Jilnas’ short-term working capital as the company strengthens its leadership in the edible oil market.

Adekunle Alade, founder and CEO of Pathway Advisors Limited, described the issuance as a landmark milestone that reflects investor confidence in Jilnas’ strong fundamentals, governance, and long-term growth prospects. He appreciated investors for their support and commended NASD for facilitating a seamless listing process.

NASD’s managing director, Eguarekhide Longe, said the listing is a major boost for the private market ecosystem, noting that more credible companies are turning to NASD’s CP platform for transparent and structured access to capital. He added that the increasing pace of listings signals a healthier and more vibrant market.

Market analysts say the momentum in private CP listings enhances investor confidence and enables well-governed businesses to access capital more efficiently.

Founded in 1992, Jilnas Nigeria Limited is a leading indigenous vegetable oil producer. The company has expanded from a 50 TPD operation to a modern processing facility with a 200 TPD solvent extraction plant, three storage silos, a 200 TPD refinery, and a high-capacity roasting unit.

Jilnas continues to post strong financial performance, growing revenue from N12.79 billion in 2021 to N45.57 billion in 2024. The company also maintains an excellent debt-service record, having redeemed over N4.8 billion in earlier commercial paper and private note issuances.

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