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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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Ibadan-kano railway construction to begin once China approves loan – FG: The Federal Government has announced that the construction of the Ibadan to Kano railway will commence once the Chinese government approves its $5.3 billion loan. The Minister of Transportation, Rotimi Amaechi, who disclosed this at a programme in Abuja, stated that the Federal Government had given approval for the contract.
Nigeria hits all time peak power generation of 5,522.8 MW: The Transmission Company of Nigeria has announced that Nigeria has recorded an all-time peak power generation of 5,552.8 megawatts. According to TCN, the new peak power generation, which was recorded at 8.15 PM on Wednesday, was successfully transmitted across the grid to power distributors.
No approval for 50% increase in electricity tariff-NERC: The Nigerian Electricity Regulatory Commission has announced that it has not increased electricity tariff by 50 per cent. The Commission, in a statement, said such increment was not contained in the tariff order for electricity distribution companies which took effect on January 1, 2021.
NIMASA reveals plans for Badagry Deep Seaport: The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has said the Badagry Deep Seaport project in Lagos State is a strategic step towards the development of Nigeria as a global maritime hub.
Watergen provides solutions for areas with bad portable water: With quality drinking water being a major problem in most parts of the world (Nigeria inclusive), a new technology has been developed to provide best quality drinking water to the human populace. The owner of the technology is offering it to Nigerian governments and other public and private institutions to avail themselves the use of the technology in the provision of this key utility.
AMCON debts bigger than FG’s 2021 Capital expenditure: The Asset Management Corporation of Nigeria (AMCON) has disclosed that the N4.4 trillion, which is owed the corporation is bigger than the entire 2021 capital expenditure budget of the Federal Government of Nigeria, which stands at N3.85 trillion.
Oil revenue gets boost as price hits $55:The international oil benchmark, Brent crude, extended its gains on Friday, rising above $55 per barrel, in what is a potential boost to Nigeria’s crude oil export revenue. Brent crude, against which Nigeria’s oil is priced, hit an 11-month high of $55.41 per barrel as of 2:50pm Nigerian time on Friday, trading more than $15 higher than the Federal Government’s benchmark for the 2021 budget
Oil bid rounds- FG to earn N161 billion: The Federal Government (FG) is estimated to generate a total revenue of N7.9 billion from the 161 companies shortlisted to advance to the final stage of the marginal fields bid round launched seven months ago. The Department of Petroleum Resources had announced on June 1, 2020 the start of the 2020 Marginal Field Bid Round, which ‘is open to indigenous companies and investors interested in participating in the exploration and production business in Nigeria’.
Cash woes- FG after dormant accounts , unclaimed dividends: Hard-pressed for additional sources of funds to plug the continued increase in revenue shortage, the Federal Government will this year take over N895 billion from banks and quoted companies representing unclaimed dividends and dormant bank balances as special borrowing to fund crisis related expenditures.
World Bank projects 5% growth for Nigeria in 2021: The World Bank on Thursday projected a 5% growth for emerging market and developing economies in 2021. Nigeria is a developing economy and the financial institution’s projection was contained in its January 2021 Global Economic Prospects report. The January 2021 Global Economic Prospects report projected a return to global growth, but stated that risks would remain as economic activity and incomes were likely to stay low for an extended period.
Federal Government lists December savings bonds:> The Federal Government has listed the latest tranches of the Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Stock Exchange (NSE), paving the way for investors to trade on the debts. In the first listing, a total of 3,088 units of a two-year savings bond with a coupon of 1.32 percent and maturity of December 2022 were listed on the sovereign debt segment of the Exchange.
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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