Infrastructure Credit Guarantee Company Plc (InfraCredit), an NASD-listed firm that guarantees financial instruments used for infrastructure projects, reported a pre-tax profit of N61.5 billion for the full year ended December 2024.
This marks a 30.84% year-on-year increase, up from N47 billion in 2023, driven by strong top-line growth and exchange gains.
However, that momentum slowed in the first quarter of 2025, with profit dropping to N1.8 billion, compared to N33.3 billion in the same period of 2024, despite notable increases in key income lines.
