UK GOVT INVESTS $6M IN INFRACREDIT TO BOOST NIGERIA’S ENERGY TRANSITION, INFRASTRUCTURE. (PHOTO).

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 UK Govt invests $6m in InfraCredit to boost Nigeria’s Energy transition, infrastructure The United Kingdom has announced an investment of $6 million towards unlocking domestic capital for Nigeria’s infrastructure development and energy transition. The investment was made through its MOBILIST programme to support the listing of InfraCredit on the NASD OTC Exchange Plc. The total listing by InfraCredit, Nigeria’s first and only domestic credit guarantor, is valued at N64 billion ($41 million). The company successfully raised NGN27 billion ($17.7 million) in new equity as part of the transaction. The investment from MOBILIST will further enable InfraCredit to expand its guarantee capacity and support a broader pipeline of infrastructure projects across the country. A statement by InfraCredit said the investment addresses this gap by offering Naira-denominated guarantees that enhance the creditworthiness of infrastructure debt instruments, thereby attracting investment from Nigerian i...
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9 BOKO HARAM HIDING IN FOX-HOLES,ARRESTED BY THE NIGERIAN ARMY,YESTERDAY.{PHOTOS}.

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                               In compliance with the military high command's directive which is to ensure that all villages and towns are cleared of remnants of Boko Haram terrorists,troops of 22 Brigade Garrison in Operation LAFIYA DOLE,on sunday 1st May 2016 cleared 4 villages of Boko Haram terrorists hiding in the area.The terrorists hibernating in Cinga,Mallum Maja,Bosuma and Murye villages,were armed with dangerous weapons and have been terrorizing the communities.During the operations 3 Boko Haram terrorists were killed,while 9 of them who tried hiding in fox holes and dug outs were identified and captured alive.Items recovered from them include 9 Dane guns,3 matchetes,1 bow with arrows,6 motorcycles used by the Boko Haram terrorists to ferry slaughtered cow meats to Boko Haram terrorists hideouts were recovered and burnt.Other items recovered include 1 tricycle,4 x Tiger Generators and 1 solar panel.The troops also recovered 300 herds of cattle rustled by the Boko Haram terrorists from Fulani herdsmen and handed over to their rigthful owners.Similarly,400 persons held hostage by the terrorists were rescued and set free.It is gratifying to state that we have not sustain any casualty to own troops and equipment and troops morale remain very high.-Colonel Sani Kukasheka,Acting Director Army Public Relations.More photos below.                                                            

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