FG Completes $5B Africa Energy Bank Headquarters in Abuja, Set for Full Operations Nigeria has completed and fully furnished the headquarters of the $5 billion Africa Energy Bank (AEB) in Abuja, with the facility now ready for operations. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, confirmed that the country has met all host-nation obligations, paving the way for the bank’s launch. Established to bridge Africa’s energy-financing gap amid global restrictions on fossil-fuel funding, the bank will begin with over $5 billion in capital and aims to expand its portfolio to $120 billion. The AEB is expected to support exploration, gas infrastructure, refinery upgrades, and cleaner technologies, positioning Nigeria as a central hub for energy development on the continent.

Headline: Tinubu: We’ve Upgraded 8,800 Health Centres, Spent N45.9bn; Over 100,000 Nigerians Benefit from Credit Scheme President Bola Tinubu announced that his administration has spent N45.9 billion to upgrade 8,800 primary healthcare centres, improving maternal care and diagnostics in underserved communities, though specific locations weren’t mentioned. Speaking at the 32nd Afreximbank Annual Meetings in Abuja, Tinubu also revealed that over 100,000 Nigerians have so far benefited from the national consumer credit scheme, with 400,000 more set to join in the next phase to boost small businesses and financial inclusion. He highlighted achievements in infrastructure, including completion of 279 roads, construction of major highways like the Lagos–Calabar Coastal Highway and Abuja–Kaduna–Kano Road, and expansion of rural roads. Nigeria has reportedly received over $52 billion from Afreximbank, supporting projects in energy, health, manufacturing, and creative industries, such as the Dangote Refinery and the Africa Medical Centre of Excellence. Tinubu confirmed Nigeria’s approval of the Pan-African Payment and Settlement System (PAPSS) and announced the launch of the Africa Energy Bank in Abuja with $5 billion capital to support clean energy transition. He praised Afreximbank President Prof. Benedict Oramah for growing the bank’s assets from $5 billion to $37 billion, and commended the institution’s role in Africa’s pandemic response, trade integration, and SME development. #Tinubu #Fubara #Wike #Amaewhule #RiversStateCrisis #TinubuPeaceTalks #HealthcareNigeria