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JUST IN: Nigeria wins bid to host Africa's $5bn Energy Bank to grow foreign direct investment

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Nigeria has emerged winner of the bid to host the headquarters of the African Energy Bank (AEB).

The Minister of State, Petroleum (Oil), Senator Heineken Lokpobiri, made the disclosure this afternoon in Abuja.

The decision followed a technical inspection team from the African Petroleum Producers Organisation (APPO) and Afrexim Bank, the joint promoters of the AEB, which validated Nigeria’s readiness to host the continental bank.

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