The Nigerian National Petroleum Company Limited (NNPC Ltd.) extends its heartfelt condolences to the victims of the tragic petrol tanker explosion that occurred at Dikko-Maje Junction along the Abuja-Kaduna Road in Suleja Local Government Area of Niger State on Saturday. This devastating incident claimed the lives of several individuals who were attempting to scoop fuel…
Dr Doyin Okupe, who served as Spokesman for former President Olusegun Obasanjo and Goodluck Jonathan has apologised to the Group CEO of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr. Mele Kyari, for his dismissal of his leadership and skepticism of the ability of the NNPCL to deliver on its promises. A public statement issued…
The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down. We wish to clarify that such reports are totally false as the refinery is fully operational…
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank’s Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million in direct support, combining a…
The Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in Abidjan, comes from the Climate Action Window, a mechanism of the Fund,…
The African Development Bank Group has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d’Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the Bank Group’s commercial African Development Bank window and €13.36 million from its concessional lending arm, the African Development Fund,…
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank, acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank disbursed its participation amount of…
The African Development Bank Group’s Boards of Directors have approved yesterday the proposal by the Bank’s Management to construct a modern, state-of-the-art building to host its headquarters in Côte d’Ivoire’s commercial capital, Abidjan. The executive directors unanimously approved the proposal, stating it was important for the Bank to maintain its strong presence in Abidjan and…
One hundred and fifty small and medium-sized enterprises (SMEs) from 10 African countries are set to become Africa’s latest businesses positioned for the global export market with participation in the Export Readiness Programme (RERP) implemented by African Export-Import Bank (Afreximbank) and the Egyptian Exporters Association (Expolink) in Cairo, Egypt. Designed to equip the SMEs with…
The Advisory Board of the African Sustainability Awards in partnership with United Nations Educational, Scientific and Cultural Organization (UNESCO) has selected the ECOWAS Bank for Investment and Development (EBID) as the winner of the Financial Institution of the Year – Africa category at the Africa Sustainability Awards. The award will be presented during an event…
