07/10/2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Supports USD 466 ...
Download logo The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, is proud to announce its support for the Lagos-Calabar Coastal Highway Project in Nigeria, a landmark initiative aimed at enhancing connectivity, trade, and sustainable development across West Africa. ICIEC is providing Non-Honoring of Sovereign Financial Obligations (NHSFO) insurance coverage for USD 466 million in Islamic financing extended by Deutsche Bank and First Abu Dhabi Bank to the Federal Government of Nigeria. The facility, with a seven-year tenor, plays a pivotal role in...
