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),