Nigeria has emerged as the winner of the bid to host the headquarters of the African Energy Bank (AEB), a global multilateral institution aimed at financing Africa's hydrocarbon resources and supporting energy transition and net-zero commitments.

The African Petroleum Producers Organization (APPO) and Afrexim Bank, the joint promoters of the AEB, have validated Nigeria's readiness to host the bank's headquarters.

Roll SSD: Minister of State for Petroleum Resources, Oil Heineken Lokpobiri announced this on Thursday while briefing Journalists after a meeting of Council of Minister's of African Petroleum Producers' Organization( APPO) in Abuja

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