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...

IMO APC MEMBERS TRAVELLING TO ABUJA DIE IN AUTO CRASH.(PHOTO).


 IMO APC MEMBERS TRAVELLING TO ABUJA DIE IN AUTO CRASH


Tragedy struck on Monday as members of the All Progressives Congress from Imo State who were travelling to Abuja for the inauguration of the 10th National Assembly on Tuesday died in an auto crash.

It was gathered that the bus they were travelling in had a head-on collision with another bus at Agbor in Delta State.

Several eyewitnesses said that three persons in the bus had been confirmed dead, while others who sustained various degrees of injuries were rushed to hospitals.

Two males from the Amaraku community in the Isiala Mbano Local Government Area of the state and a female from the Ogbor community in the same LGA died in the auto crash.

A chieftain of the party, who doesn’t want to be mentioned, said that the victims were the coordinators of the senator-elect for Imo North, Patrick Ndubueze, and the House of Representatives member-elect for Okigwe North Federal Constituency, Mirriam Onuoha.

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