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InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.

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Dollar shortage squeezes World Bank backed Azura power plant’s operations : The current dollar shortage in Nigeria may threaten the smooth operations of the Azura-Edo power plant as the company which provides a tenth of the country’s power needs struggles to meet its obligations to its creditors, the Financial Times reported yesterday.
Brains & Hammers completes 1,200 housing units in Abuja: Brains and Hammers, a commercial real estate company in Nigeria, has said it is determined to close the housing gap in the country, with the recent completion of the construction of phase one of its newest housing estate located in the Federal Capital Territory (FCT), Abuja.
FG to fund electricity tariff shortfall of N104.5 billion: The Nigerian Electricity Regulatory Commission (NERC) has revealed that the Federal Government will fund the tariff shortfall of N104.5 billion that will be posted by the electricity distribution companies (Discos) from September to December 2020.
NNPC to set up gas refill stations nationwide:The Nigerian National Petroleum Corporation (NNPC) has revealed that it will soon begin activation of Compressed Natural Gas refill stations for motorists across the country. The disclosure was made in a statement by the Group General Manager Public Affairs Division, Dr Kennie Obateru, in Abuja.
NRC resumes Lagos-Ogun train service, doubles fare: The Nigerian Railway Corporation (NRC) has announced that the Lagos-Ogun Mass Transit Train Services will resume from Monday, September 14, 2020, after five months of suspension.
FG inaugurates special committee on Power:President Muhammadu Buhari has inaugurated the Special Purpose Vehicle for Presidential Power Initiative to assist the government in improving the delivery of power in the country. The members of the committee inaugurated by President Buhari include the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed; Minister of Power, Saleh Mamman; and Minister of Works and Housing, Babatunde Fashola.
Subsidy removal will save FG more than N1 trillion yearly: The Minister of State for Petroleum, Timipre Sylva, has said that the removal of petroleum subsidy will save the federal government more than N1 trillion annually.
Nigeria owes World Bank N3.96 trillion: Nigeria’s highest external debt stock to a multilateral or bilateral financial institution, the World Bank group is $10.46 billion (N3.965 trillion at the official rate of N379/$), latest figures from the Debt Management Office have shown.
N490.4 billion inflow to lift liquidity: The interbank money market will enjoy liquidity boost of N490.4 billion from matured treasury bills (T-bills) this week, even as the naira weakened last week despite foreign exchange (FX) sales resumption.
States refuse to remit pensions of workers: Most states governments are not remitting pension contributions into their workers’ Retirement Savings Accounts with their respective Pension Fund Administrators. The National Pension Commission disclosed this in its 2019 third-quarter report, which was recently released.
FG inaugurates N75 billion SMEs covid-19 stimulus schemes: The Federal Government on Thursday flagged off two schemes to financially support about 1.7 million micro, small and medium enterprises across the country with N75 billion. At a briefing on the flag-off of the National MSME Survival Fund and the Guaranteed Off-take Stimulus Schemes under the Nigeria Economic Sustainability Plan, the Minister of State for Industry, Trade and Investment, Mariam Katagum, said the schemes would impact positively on businesses.
AWARDS & RECOGNITION

Harvard-Business-Review-Case-Study
HARVARD BUSINESS REVIEW

Infrastructure in Nigeria: Unlocking Pension Fund Investments

Case Study by John D. Macomber and Pippa Tubman Armerding

Corporate Finance Awards 2018 – Most Innovative Infrastructure Finance –
Sub-Saharan Africa 2018

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