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AIICO
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AIICO Insurance Invests in InfraCredit to Enhance Infrastructure Financing
AIICO Insurance Plc has invested in InfraCredit, a leading infrastructure credit guarantee institution, acquiring a 5% stake in InfraCredit’s total share capital. This move, the second private domestic institutional investment alongside Leadway Assurance Plc, boosts InfraCredit’s paid-in capital to $175.14 million, increasing its aggregate guarantee issuing capacity to NGN742.77 billion (approximately $875.7 million). AIICO’s Chief