• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 3, 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

African Energy Bank: FG Confirms Governance Frameworks Completion On Track

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

The federal government has said it is finalising plans for the take-off of the African Energy Bank (AEB) with the conclusion of key legal and governance frameworks required for its operational launch
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who made this known, added that capital mobilisation discussions have recorded “encouraging commitments from both member nations and private investors.” He emphasised that Nigeria’s role as host country reflects its long-standing leadership within Africa’s hydrocarbon sector.

Advertisement

Speaking during a high-level review meeting held in Abuja with the president of the African Export-Import Bank, Prof. Benedict Oramah, and the secretary general of the African Petroleum Producers Organisation, Omar Farouk Ibrahim, in attendance, the minister reiterated the stakeholders commitment to transparency and efficiency throughout the final preparatory stages.

“Our collective focus is on delivering a bank that catalyses investment, accelerates energy security, and drives economic growth across Africa,” Senator Lokpobiri added.

“The AEB is poised to become a transformative financing platform for energy projects across the continent. This review confirms that every critical milestone is either completed or on schedule, and we remain fully aligned with our continental partners,” Lokpobiri said.

During the briefing, the parties confirmed that a definitive launch timeline and inaugural board meeting date have been fixed and are expected to be announced shortly.

RELATED

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

7 hours ago
FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

11 hours ago

The meeting also assessed progress on the bank’s establishment and confirmed that critical milestones had either been completed or were progressing on schedule, a statement by special assistant on Media and Communications to the minister, Nneamaka Okafor, on Sunday, indicated.

APPO secretary general, Dr Ibrahim on his part, commended the pace of work: “We are impressed by Nigeria’s dedication to meeting the stringent requirements for bank establishment. The collaboration we witnessed today signals a unified resolve to deliver affordable, sustainable energy to Africans.”

Echoing this sentiment, Prof Oramah noted that Afreximbank is “ready to deploy its structuring expertise and capital base to ensure the AEB launches with the strength and credibility required to attract global co-investors.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: African Energy Bank
SendShareTweetShare
Previous Post

NACCIMA, NTBC, Turkiye Explore Tech Solutions To Transform Agric Sector

Next Post

DBN Disburses N49bn To Disadvantaged Regions, Targets 2m MSMEs

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa
Business

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

2025/07/02
FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos
Business

FIRS Hosts Tax Clinic For Emerging Taxpayers In Lagos

2025/07/02
Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry
Business

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

2025/07/02
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide
Business

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2025/07/02
Inflationary Pressures Hamper Business Operations
Business

Economic Reforms Drag Business Activities To 7-month Low

2025/07/02
NNPC Declares N674bn Profit For 2021
Business

NNPC, IPPG Chart Path To Delivering 3m Barrels Per Day Oil Target By 2030

2025/07/02
Leadership Conference advertisement

LATEST

Lagos To Enforce Mandatory Health Insurance By 2026

Miracle Videos: CAN Under Fire Over Comment Against Prophet Fufeyin

Transport Unions Seek Restoration Of Speed Breakers On Ilorin-Jebba Expressway 

NPC Boss Dan’Agundi Cancels Birthday Celebration To Mourn Dantata

Reps Unveil Compendium Of 86 Constitution Alteration Bills 

Firm Launches Drive To Strengthen Enterprise Risk Management Practices Across Africa

Buhari Ill, Now Recovering In UK — Aide

Court Sentences 2 Beninese, Others To 5-yr Jail Term For Trafficking Cocaine

Kano Gov’t Bans Scrap Materials From North-East

Police Rescue Ghanaian, Arrest 3 Suspected Kidnappers 

© 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.