AEB

Nigeria vows to exceed $5bn capital base for Africa Energy Bank if located in Abuja

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The Nigerian government has pledged to surpass the $5 billion initial capital base target for the Africa Energy Bank, contingent upon the bank establishing its headquarters in Nigeria. This commitment was articulated by Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), during a dinner event for heads of mission from member states of the … Read more

Tinubu approves $100m new investment as Nigeria set to host African Energy Bank headquarters

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Tinubu

President Bola Tinubu has approved a new investment in the energy sector to the tune of 100 million United States dollars. Permanent Secretary, Federal Ministry of Petroleum Resources, Ambassador Nicholas  Ella, who made this known in a statement at the weekend, said the investment is part of efforts to ensure successful hosting of African Energy … Read more