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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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FG, North South Power sign Gurara 30 MW Concession agreement:  The Federal Government on Tuesday signed a concession agreement for the Gurara 30 megawatts hydropower plant with North-South Power Company Limited. The Minister of Water Resources, Suleiman Adamu, stated that following the agreement, all was set to put the hydropower plant into sustainable operation towards increasing access to electricity in Nigeria, especially in Kaduna State.
Egbin and 10 other power plants suffer gas shortage : The nation’s biggest power plant, Egbin, and 10 others saw their output levels reduce by gas constraints on Monday. The other plants were Omotosho, Olorunsogo, Delta, Geregu II, Sapele II, Olorunsogo II, Omotosho II, Ihovbor II, Okpai IPP and Trans-Amadi IPP.
FG inaugurates team to revamp Ajaokuta Steel plant: The Federal Government has inaugurated the Ajaokuta Presidential Project and Implementation Team (APPIT) to revamp the Ajaokuta Steel Plant that has been unproductive for about four decades.
NLNG awards Engineering, Procurement and Construction (EPC) Contract for LNG Train 7 project : The Nigerian LNG Limited has awarded the engineering, procurement and construction contracts for its Train 7 project to the SCD JV Consortium, comprising Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea.
FEC approves N47.2 billion to boost electricity supply: The Federal Executive Council on Wednesday approved N47.2 billion to boost power supply in the country. It will supply additional 40 megawatts of power to the national grid, according to the Minister of Power, Mr Sale Mamman.
Lagos assembly approves unified fibre infrastructure , connectivity for telecoms companies : The Lagos House of Assembly on Friday approved Gov. Babajide Sanwo-Olu’s request for a unified fibre infrastructure and connectivity project in a bid to harmonize telecommunications cables in the state
Nigeria gets $3.4 billion disbursement from the IMF, interest rate is 1%:Total pension assets rise to N10.5 trillion : The total assets under the Contributory Pension Scheme rose to N10.5 trillion as of the end of February 2020. Figures obtained from the National Pension Commission on Tuesday revealed that the funds which stood at N10.21 trillion as of the end of 2019 rose by over N289 billion in two months.
DMO to raise N60 billion through bond auction: The DMO in a bond offer circular released yesterday on its official website, stated that it plans to raise N20 billion each from the 12.75% FGN APR 2023 five-year paper, 12.50% FGN MAR 2035, 15 year paper and 12.98% FGN MAR 2050, 30 year paper all of which are to reopen next week Wednesday.
CBN to support production of domestic vaccines with N100 billion: The Governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight Corona Virus (COVID-19) in Nigeria.
FEC cuts budget 2020 to N10.53 trillion: The Federal Executive Council, FEC, yesterday, revised the 2020 Budget from N10. 594 trillion signed into law by President Muhammadu Buhari to N10.523 trillion.
FG, States, LGs share N606.2 billion , revenue drops by N227.27 billion: The Federation Accounts Allocation Committee has shared a total of N606.196 billion for April revenue to the federal, states and local governments. The development was announced in a communique released after a virtual FAAC meeting on Friday.
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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