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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FRSC RESCUED 30 PASSENGERS TODAY IN A MULTIPLE CRASH AT OYO-IBADAN ROAD.

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    FRSC RESCUED 30 (20 MALE AND 10 FEMALE) PASSENGERS IN A MULTIPLE ROAD TRAFFIC CRASH THAT OCCURRED ON 3/01/2018, AT KM5 OYO-IBADAN ROAD.
FRSC rescued 30 passengers in a multiple road traffic crash that occurred on the 3/01/2018, 10:40hrs at km5 along Oyo-Ibadan road.Euro Star Trailer,Toyota Haice and Toyota Previa were involved in the crash. The victims were taken to St Patrick Hospital, Akinyele.
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