InfraCredit and UK's MOBILIST Sell Shares to Nigerian Pension Fund Administrators

InfraCredit, in collaboration with UK's MOBILIST, has sold shares to Nigerian Pension Fund Administrators, attracting new domestic institutional investors to Nigeria's infrastructure equity market. The transaction, which involved the sale of InfraCredit's shares, valued at N27 billion (US$17.7 million), further solidifies domestic institutional ownership in InfraCredit.

This move is part of efforts to enhance long-term capital base and increase local institutional participation in infrastructure investments. The successful sale reinforces InfraCredit's position as a key player in Nigeria's infrastructure development landscape.