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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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GB Foods opens N5.5 billion factory to boost local production :GB Foods, manufacturer of the popular Gino tomato paste brand, has inaugurated its new N5.5 billion ($14.5m) factory in Ogun State. The new factory will be used to make its mayonnaise brand, Bama, for the Nigerian and West African market.
Lagos donates land for trailer park as governor inspects road projects: The disturbing gridlock created along Apapa corridor in Lagos State by heavy-duty trucks clogging the major highways may soon fade away, if the actions being taken by the Governor fully materialise. The Lagos State Government has said all roads and bridges under construction in Apapa, the nation’s port city, will be completed by October.
CHI Limited supports CBN’s backward integration programme: CHI Limited has keyed into the Central Bank of Nigeria, CBN’s backward integration policy by partnering with the Niger State to invest in massive infrastructural development, upgrade of the existing and construction of new facilities at the Bobi Grazing Reserve.
Maryland Mall developers take on Lekki multiple-use project: Purple capital, developers of Maryland Mall, says it has commenced the development of a new mixed-use centre in Lekki, Lagos. During a site conventional visit in Lekki on Saturday, the Chief Executive, Mr Laide Agboola, said this was a larger development.
Lagos plans projects to tackle flooding: The Commissioner for Physical Planning and Urban Development, Dr Idris Salako, has said the urban renewal projects in Somolu Local Government and Bariga Local Council Development Area, will upgrade the regions and prevent flooding.
USTDA grant to support privately generated renewable energy in Nigeria: The US Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable energy. Konexa intends to develop up to 2.5MW of solar PV energy to serve grid and under-grid customers.
With CAMA 2020, FMDQ sets sights on derivatives trading : Nigeria’s financial market and the economy as a whole will receive the long-awaited boost to spur economic development and the repositioning of Nigeria as a compelling destination of capital following the Presidential assent of the Companies and Allied Matters Bill 2020.
AXA Mansard divests from pension subsidiary: AXA Mansard Insurance Plc has divested from its subsidiary, AXA Mansard Pensions Limited. The insurer has sold its stake in the company to Eustacia Limited (a member of the Verod Group).
World Bank approves $114.28 million for Nigerians: Efforts to battle the COVID-19 pandemic got a boost on Friday as the World Bank Board of Directors, on Friday, approved $114.28m for Nigeria. According to the global financial institution, the money is meant to help Nigeria prevent, detect and respond to the threat posed by the pestilence with a specific focus on state level responses.
CBN to unify exchange rates , pegs naira at 379/$ The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website. The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted.
Turnover in I & E window falls by 6% to $937 million in July: The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by 6%, month-on-month, to $937.27 million last month from $992.12 million in June, 2020.
Nigeria exported $4.47 billion worth of crude, FAAC got N1.83 trillion- NNPC : The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported from Nigeria between May 2019 and May 2020 at $4.47 billion. It also stated that the corporation remitted a total of N1.83 trillion to the Federation Account Allocation Committee during the same period.
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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