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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ALL VALID PETITIONS WILL BE INVESTIGATED, ICPC RACC TELLS JOURNALISTS. (PHOTOS).#PRESS RELEASE.

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All Valid Petitions will be Investigated, ICPC RACC Tells Journalists

The Resident Anti-Corruption Commissioner (RACC) of the Delta State office of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Edet Ufot, has assured Deltans that all valid and relevant petitions sent to the Commission will receive their deserved attention.

Ufot was speaking during a courtesy visit to the Commission’s office in Asaba recently by Exco members of the state branch of the Nigeria Union of Journalist (NUJ) led by the Chairman, Comrade Michael Ikeogwu.

More photos below. 


 

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