Fossil fuel-focused Africa Energy Bank on track to start this year
March 27, 2024 The proposed Africa Energy Bank, which will focus investment in oil and gas projects across the continent, is set to start operations later this year with an…
Gazelle versus Naija, By Sam Omatseye
This has nothing to do with the slugfest in Ivory Coast, where Nigeria’s Super Eagles seem airborne. With the exploits of gangling Osimhen and the dribbling wizardry of diminutive…
Afreximbank, UBA disburse $2.25bn crude oil prepayment loan facilitated by NNPC Ltd
Afreximbank, UBA Announce an Initial Disbursement of US$2.25 billion Under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. Landmark financing…
Nigeria to sell power distribution firm over $130 million debt
Jan. 8, 2024 Nigeria’s electricity regulator has put up for sale the sixth largest power distribution utility over a $130 million debt, less than two years after the lenders who…
Lagos secures $1.35bn Afrexim, Access Bank investment for infrastructureÂ
L-R: Gov. Babajide Sanwo-Olu of Lagos State; President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank), Prof. Benedict Oramah and Non-Executive Director, Access Bank Plc, Mr Herbert…
Afreximbank to double intra-African trade financing to $40bn by 2026
Sept. 12, 2023 African Export Import Bank (Afreximbank) is to double its financing of intra-African trade to 40 billion dollars on a revolving basis by 2026. This bank’s intra-African trade…
How $3bn NNPCL emergency crude repayment loan will affect NigeriansÂ
The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment…
Nigeria is ready for business, foreign investors – Tinubu tells the world
President Bola Ahmed Tinubu Thursday in Paris, France said Nigeria is ready for business and foreign direct investments, reports Political Economist NG. The President said ongoing reforms, starting with removal…
AfrexInsure: All you need to know about new Afreximbank insurance hub for Africa
The African Export-Import Bank (Afreximbank) on Sunday inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure. AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual Meeting in Accra, Ghana…
Africa has technology, potential to eradicate hunger- AdesinaÂ
June 6, 2023 African Development Bank (AfDB) President, Dr. Akinwumi Adesina, says Africa has the necessary partnerships and technologies to eradicate hunger. In a statement issued by the bank, Adesina…