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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OONI OF IFE AND QUEEN ASLEY, WELCOME SON. (PHOTO).

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 Ooni of Ife and Queen Ashley,welcome son


The Ooni of Ife, Oba Adeyeye Ogunwusi, and his fourth wife, Olori Folashade, have welcomed their first child, a boy.

Taking to social media on Tuesday, the Ooni posted a picture of him and the new mother, with the caption, “To God be the glory, great things he has done.

“Hearty congratulations to the entire House of Oduduwa and Olori Folashade, who today birthed a Prince from the mother side of Ooni Adagba Royal Compound of Lafogido Ruling House and father side of Ooni Agbedegbede Royal Compound of Giesi Ruling house combined to the Royal throne of Oduduwa.

“Mother and child are doing well to the glory of God Almighty and in line with the spirits of our ancestors. #Otisese.”

One more photo below. 


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