Tags: afreximbank

AfreximBank to Support Ogun Infrastructural Development With $200million

The African Export-Import Bank (Afrexim) has disclosed its plans to support infrastructural development in Ogun State with an envelope of $200m. The fund, according to the bank, will be dedicated towards projects and other developmental initiatives embarked upon by the incumbent administration in the state. The President and Chairman of the Board of Directors of…

Nine Reasons Why Refineries’ Rehabilitation Is Justified

By Adewole Kehinde It is no longer news that the Federal Executive Council on Wednesday, 17th March, 2021 approved the sum of $1.5 billion for the rehabilitation of the Port Harcourt Refinery Company Ltd. Unfortunately, some personalities like Former Vice President Atiku Abubakar, Gov Nyesom Wike, Activist Aisha Yesufu, Senator Dino Melaye, and Former Gov…

COVID-19: CACOVID To Buy Vaccines Through FG, Plans On Distribution

The private sector-led Coalition Against COVID-19 (CACOVID) has clarified that only the Federal Government, through the National Primary Healthcare Development Agency (NPHCDA) can obtain any COVID-19 vaccine for Nigeria in the ongoing fight against the coronavirus pandemic. The coalition also explained that the process of buying the vaccines through the Federal Government has commenced and…

Heirs Holdings Expands Oil and Gas Portfolio, Acquires 45% of OML 17 from Shell, Total and ENI

Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings…

Elumelu Praises Afreximbank, Urges Other DFIs to Back African Businesses

At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President Oramah, provides for African businesses and its significant contribution to the development of cross-border trade and…

Afreximbank Supports Heritage Bank Growth With $150m

African Export Import Bank, Afreximbank, has provided a $150 million funding support for Heritage Bank Limited. In a statement announcing this development yesterday, Divisional Head, Corporate Communications, Olusola Longe-Okenimkpe said, “HBCL Investment Services Limited (HISL) a major shareholder of Heritage Bank Limited has executed the term sheet for the issuance of guarantee for its $150…