Infracredit and MOBILIST Boost Infrastructure Markets in Nigeria with Share Sales

Infracredit, supported by MOBILIST, successfully sold shares to Nigerian Pension Fund Administrators (PFAs), marking a significant milestone in Nigeria's infrastructure investment landscape. The share sale to domestic institutional investors, including five entities introduced through a secondary share sale, aims to increase local ownership and broaden long-term capital base.

The move reinforces Infracredit's position as a key player in infrastructure financing, with its AAA rating reaffirmed by rating agencies. The listing on NASD OTC Securities Exchange signifies a transition to a public limited company, expanding its investor base and development impact.