Key Takeaways
- • MOFIREIF trades on the Nigerian Exchange (NGX) at NGN 100.00 per unit with a reported dividend yield ranging from 2.0% to 18.33% depending on measurement methodology, reflecting varied yield calculations across data sources.
- • The fund was established under Nigeria's One Million Homes Housing Project, positioning it as a structured real estate investment vehicle tied to government housing policy objectives.
- • Market capitalization estimates vary significantly across sources, with one source citing ₦5.6 trillion (approximately $3.5 billion USD at typical 2025 rates), indicating either data inconsistencies or different calculation methodologies across reporting platforms.
- • Trading volume remains minimal at 400 units on the reported date, suggesting limited liquidity and institutional interest in the fund at present valuation levels.
- • MOFIREIF was listed on NGX in 2025, making it a relatively new publicly traded real estate investment vehicle in the Nigerian capital markets.
Summary
MOFI Real Estate Investment Fund (MOFIREIF), trading under ticker NSENG:MOFIREIF on the Nigerian Exchange, is a structured real estate investment fund established under Nigeria's One Million Homes Housing Project. The fund was listed on NGX in 2025 and represents an institutional vehicle for exposure to Nigeria's residential real estate sector.
As of the most recent reporting periods, MOFIREIF trades at NGN 100.00 per unit with zero price movement on its immediate trading date. The reported daily trading volume stands at 400 units, indicating substantial illiquidity typical of emerging real estate funds in less-developed market segments. This low volume may reflect either the fund's early stage post-listing or limited institutional adoption at current valuation levels.
Dividend yield metrics reported across multiple data sources present significant variance, ranging from 2.0% to 18.33% depending on calculation methodology and reporting date. This divergence suggests either inconsistent data compilation across platforms or changes in yield calculations over time. One source cites a market capitalization of approximately ₦5.6 trillion, though the reliability of this figure requires verification given the thinness of trading activity and conflicting valuation metrics across the data set.
MOFIREIF's tie to Nigeria's One Million Homes Housing Project frames the fund within the country's broader housing development agenda, positioning it as both a real estate vehicle and an instrument of national housing policy. For institutional investors and family offices seeking direct exposure to Nigerian residential real estate development, the fund offers a listed structure; however, the minimal trading volume and conflicting yield data warrant caution regarding position sizing and liquidity assumptions.
As of the most recent reporting periods, MOFIREIF trades at NGN 100.00 per unit with zero price movement on its immediate trading date. The reported daily trading volume stands at 400 units, indicating substantial illiquidity typical of emerging real estate funds in less-developed market segments. This low volume may reflect either the fund's early stage post-listing or limited institutional adoption at current valuation levels.
Dividend yield metrics reported across multiple data sources present significant variance, ranging from 2.0% to 18.33% depending on calculation methodology and reporting date. This divergence suggests either inconsistent data compilation across platforms or changes in yield calculations over time. One source cites a market capitalization of approximately ₦5.6 trillion, though the reliability of this figure requires verification given the thinness of trading activity and conflicting valuation metrics across the data set.
MOFIREIF's tie to Nigeria's One Million Homes Housing Project frames the fund within the country's broader housing development agenda, positioning it as both a real estate vehicle and an instrument of national housing policy. For institutional investors and family offices seeking direct exposure to Nigerian residential real estate development, the fund offers a listed structure; however, the minimal trading volume and conflicting yield data warrant caution regarding position sizing and liquidity assumptions.
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