Africa: Historic Moment As Nigeria Wins Bid to Host Africa’s $5bn Energy Bank, Beats Ghana, S’africa, Cote d’Ivoire

* Industry operators laud continent’s first oil financial institution

Emmanuel Addeh and Peter Uzoho in Abuja

After months of international politicking and massive lobbying, Nigeria yesterday finally won the right to host the $5 billion African Energy Bank (AEB), first of its kind on the continent.

Nigeria was granted the hosting rights for the bank at an extraordinary meeting of the Council of Ministers of the African Petroleum Producers Organisation (APPO), the umbrella body for oil-producing…