Tag: InfraCredit

InfraCredit, ATIDI sign N37bn risk sharing deal
Business

InfraCredit, ATIDI sign N37bn risk sharing deal

By Melvin Onwubuke   InfraCredit, a specialised infrastructure credit guarantee institution in Nigeria, has signed a local currency counter-guarantee agreement on a portfolio risk-sharing arrangement of N37 billion with the African Trade & Investment Development Insurance. In the statement, The agreement aims to support seven infrastructure portfolio companies of InfraCredit across seven sectors including energy, […]

AIICO purchases 5% stake in InfraCredit
Business

AIICO purchases 5% stake in InfraCredit

AIICO Insurance Plc has been admitted as the second private domestic institutional investor in InfraCredit following Leadway Assurance Plc’s initial involvement. The Times revealed that AIICO’s investment equals 5% of the institution’s share capital, according to the press release announcing the move. This strategic move increased InfraCredit’s paid-in capital base to $175.14 million (N148.55 billion), […]

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