Tag: Afreximbank

Afreximbank, APPO Mull African Energy Bank Establishment

Efe Wellington

The African Export Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) have committed to the establishment of an African energy bank. The two African institutions have resolved to work together to find an Africa-led solution to the challenge posed to the African oil and gas industry and an orderly energy transition in Africa by the withdrawal of funding by its traditional financiers. READ ALSO: EXCLUSIVE: Buhari Declines Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat Oil Theft: Fact And Figures Of A National Emergency, By Adeola Yusuf Corporate…

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Nigeria secures $1bn Afreximbank loans for Port Harcourt refinery’s repair

Efe Wellington

  Here is Mele Kyari’s account of real reason Nigeria preferred $1.5bn PH refinery repair to new refinery’s construction   African Export-Import Bank (Afreximbank),  as a reliable lender, has agreed to raise $1billion out of the $1.5 billion for the rehabilitation of the Port Harcourt refinery. Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, who disclosed this, described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry…

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