Tag: African Energy Bank

Nigeria Wins Bid To Host $5Bn African Energy Bank

Ganiyu Amodu

. ‘Coming to Abuja,’ How bank will be situated in country’s capital   Nigeria has successfully secured the bid to host the headquarters of the newly established $5 billion African Energy Bank (AEB) in its capital city, Abuja. This is contained in a statement by the State Minister for Petroleum Resources (oil), Heineken Lokpobiri, on Thursday via his official X account. Lokpobiri said that the bank would play a crucial role in financing and advancing energy projects across Africa, promoting innovation, sustainability, and economic growth. Nigeria emerged as the preferred…

Read More

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…

Read More