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AFRICAN ENERGY BANK
The Federal Government has designated January 28, 2025, as deadline for operationalizing the $5 billion Africa Energy Bank in Abuja, Nigeria’s capital.
Nigeria has successfully secured the bid to host the headquarters of the newly established $5 billion African Energy Bank (AEB) in its capital city, Abuja.
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 according to reports from Reuters.