• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

$5bn African Energy Bank Gets $1.25bn Equity Investment From Afreximbank

by Nse Anthony - Uko
7 months ago
in Business
African Energy Bank
Share on WhatsAppShare on FacebookShare on XTelegram

Afreximbank is set to transfer its full equity investment of $1.25 billion into the newly established $5 billion Africa Energy Bank (AEB), due to become operational before the end of next month.
President of Afreximbank Prof. Benedict Oramah, met with the minister of state, Petroleum Resources (Oil), Heineken Lokpobiri, in Abuja on Wednesday, assesses the readiness for the AEB’s launch.

Advertisement

The AEB, headquartered in Abuja, Nigeria, is a collaborative effort between Afreximbank and the African Petroleum Producers Organization (APPO), is poised to launch with an asset base of $5 billion, and projected to grow to $120 billion in five years time, marking a significant milestone in Africa’s quest for energy security and sustainability.

Afreximbank, as a key partner, is transferring her full equity investment in the oil and gas sector, underscoring its commitment to driving energy infrastructure development across the continent.
Speaking during Prof. Oramah’s visit, the minister of state for Petroleum Resources, Heineken Lokpobiri, reiterated Nigeria’s strong support for the AEB and its pivotal role in unlocking Africa’s energy potential.

“Nigeria, as a leading oil and gas producer, is well-positioned to leverage this transformative initiative. We encourage industry players to seize this opportunity to invest in Africa’s energy future,” the minister stated.

Following the discussions, Senator Lokpobiri and Prof. Oramah proceeded to the AEB Headquarters for an inspection tour to assess the level of readiness ahead of the commencement of operations. The visit provided firsthand insights into the bank’s operational preparedness and strategic alignment with Africa’s broader energy development goals.

RELATED

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

3 hours ago
currency exchange process

How To Calculate Pips In Forex And Other Important Tips For Traders

4 hours ago
ADVERTISEMENT

Speaking on the significance of the AEB, Oramah emphasised its role in bridging Africa’s energy financing gap. “The establishment of the Africa Energy Bank is a game-changer for the continent.

The Afreximbank President, commended Nigeria for taking the bull by the horn in hosting the headquarters of Africa Ene Bank and expressed confidence in Nigeria’s oil and gas portfolio as the bank will not only benefit the energy sector in Africa but will guarantee immediate benefit for Nigeria.

The minister reaffirmed Nigeria’s readiness to collaborate towards its success. “This bank represents a bold step in ensuring that Africa controls and finances its energy future. It is an avenue for stakeholders to invest in a self-sustaining energy sector that will drive industrialisation, job creation, and economic prosperity,” he added.

ADVERTISEMENT

As Africa prepares for the operational launch of the AEB, the Nigerian.

Government calls on industry stakeholders to engage proactively and explore the vast opportunities this initiative presents. The successful takeoff of the AEB will mark a new era in Africa’s energy development, positioning the continent as a global force in the sector.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Afreximbank
SendShare10171Tweet6357Share
ADVERTISEMENT
Previous Post

JUST-IN: ‘Free My Son,’ 2Baba’s Mother Tells Igbinedion’s Granddaughter Natasha Osawuru

Next Post

FG Begins Reformation Of Federal Cooperatives

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students
Business

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

2025/08/29
currency exchange process
Business

How To Calculate Pips In Forex And Other Important Tips For Traders

2025/08/29
Fitch Upgrades Afreximbank To ‘BBB’
Business

Japan Agency Rating Reinforces Afreximbank’s Credibility, Says Denya

2025/08/29
BREAKING: Emirates Airlines Resumes Flights To Nigeria October 1
Business

Emirates Airline To Participate In Africa Tourism, Creative Economy Expo

2025/08/29
Tinubu Names Abubakar Dantosho MD Of NPA
Business

NSC Boss Lauds Dantsoho On Election As IAPH Vice President

2025/08/29
tinubu
Business

Capital Market Stakeholders Back Tinubu’s Reforms, Urge Companies To List On NGX

2025/08/29
Leadership Conference advertisement

LATEST

Maltina Rolls Out New Pet Bottles, Pledges To Nourish 1m Students

PICTORIAL: VP Shettima Represents Tinubu At Ex-VP Sambo Son’s Wedding In Kano

Tinubu Excited As Nigerian Babalola Emerges As Rotary International President

How To Calculate Pips In Forex And Other Important Tips For Traders

Tottenham Sign Simons From RB Leipzig For £52m

JUST-IN: Many Feared Dead As Sokoto Records Another Boat Tragedy

Jonathan Hasn’t Ruled Himself Out Of 2027 Presidential Contest, Says Ex-President’s Cousin

Court Jails Businessman 6 Months For Cocaine Trafficking

Lagos Records 8,692 Domestic, Sexual Violence Cases In 1 Year

PICTORIAL: Obasanjo Visits Alaafin Amid Row With Ooni

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.