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Tag: Africa Energy Bank

Fraud losses decline in Nigerian banks in Q1 2024 - Report
News

Africa Energy Bank set to begin operations in March

The Africa Energy Bank is set to commence operations in March 2025, as confirmed by Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri. The bank, headquartered in Abuja, aims to fund oil and gas projects and support Africa’s energy transition goals. This was disclosed by Lokpobiri on Tuesday at the opening of the […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
News

$5bn Africa Energy Bank to begin operations in 2025

The Federal Government has confirmed that the highly anticipated $5 billion Africa Energy Bank will begin operations on January 28, 2025. This initiative marks a significant step toward improving energy access and development across the continent. The Permanent Secretary of the Federal Ministry of Petroleum Resources and Nigeria’s Executive Board Member at the African Petroleum […]

Energy

African Energy Bank to kick-start operations 2024

The proposed Africa Energy Bank which will help in funding oil and gas projects across Africa is set to begin operations this year with an initial capital base of $5 billion. The bank, a collaboration between Afreximbank and the African Petroleum Producers Organization, is meant to help plug a funding deficit in Africa amid pressure […]