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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TROOPS FOIL ATTEMPTS BY BOKO HARAM TERRORISTS TO ATTACK OUTSKIRTS OF MAIDUGURI.{PHOTOS}.#PRESS RELEASE.

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Troops of Operation HADIN KAI on Tuesday, 11 May, 2021, foiled attempts by Boko Haram terrorists to attack the outskirt of Maiduguri, Borno State.
The terrorists who tried to advance from Aldawari axis attempted to attack soft targets along Jiddari Polo, were countered by combined gallant troops in conjuction with the Nigerian Police, Youth Vigilante and hunters leading to terrorists withdrawal in dissary.
Following a hot pursuit by troops, heavy casualty was inflicted on the terrorists as nine of them were neutralized while many escaped with gunshot wounds. One Buffalo Gun Truck, three motorcycles, three Browning Machine Guns, a Rocket Propelled Gun and four AK 47 rifles were recovered from the terrorists. Other items recovered include one Improvised Explosive Device, sixteen 12V batteries among other items.
The Chief of Army Staff, Lt Gen Ibrahim Attahiru has commended the gallantry of troops and urged them to keep up the tempo of the operation.
Members of the public are requested to remain calm and are assured of security during the festive period and beyond.
Mohamamed Yerima
Brigadier General
Director Army Public Relations
12 May 2021.
More photos below.

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