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JenneteUgo Anya
- November 5, 2024
Nigeria Contributes $69.1m In Equity Funding To African Energy Bank Ahead Of 2025 Launch
Nigeria has officially contributed $69.1 million in equity funding to the newly established African Energy Bank (AEB), which is set to support and finance energy projects across the continent. The federal government announced that the AEB, with an initial capital base of $5 billion, is set to commence operations on January 28, 2025, in Abuja. […]
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- August 26, 2024
Oando Secures $650m Afreximbank Loan To Complete Nigerian Agip Oil Company Acquisition
Oando Plc has secured a $650 million loan facility from the African Export-Import Bank (Afreximbank) to complete its $783 million acquisition of the Nigerian Agip Oil Company (NAOC). This significant financial milestone was announced by Afreximbank on Friday, marking a key moment in Oando’s expansion within Nigeria’s oil and gas sector. The loan, which includes […]
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