Afreximbank approves $200m facility for Nigeria’s Shoreline Power

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Afreximbank has approved a $200 million financing facility for Nigeria's Shoreline Power Company Limited to support a major oil and gas infrastructure project in Algeria. This financing highlights increased cross-border investment and Nigerian engineering involvement in African energy development.

By UdemeAkpan, Energy Editor The African Export-import Bank (Afreximbank) has approved a $200 million financing facility for Nigeria’s Shoreline Power Company Limited to support the execution of a major oil and gas infrastructure project in Algeria, marking a significant boost for Nigerian engineering expertise and cross-border investment in Africa. The financing, approved in June 2026, […] The post Afreximbank approves $200m facility for Nigeria’s Shoreline Power appeared first on Vanguard News.